Net Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Earnings Per Share ("EPS")

4. Net Earnings Per Share (“EPS”)

Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period.  Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.  Dilutive potential common shares include outstanding restricted stock units (“RSUs”). A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

	Three Months Ended March 31,
	2020		2019
Numerator:
Net earnings	$	33,961	$	39,327
Denominator:
Weighted average shares used to    compute basic EPS		35,233		35,609
Dilutive potential common shares due to    dilutive RSUs, net of tax effect		413		494
Weighted average shares used to compute    diluted EPS		35,646		36,103
Net earnings per share:
Basic	$	0.96	$	1.10
Diluted	$	0.95	$	1.09

For the three months ended March 31, 2020, 86,000 of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.  These share-based awards could be dilutive in the future.  There were 164,000 anti-dilutive RSUs for the three months ended March 31, 2019.