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EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
Basic weighted average number of shares outstanding	37,607		38,296		37,763		38,119
Effect of dilutive securities:

Unvested restricted stock	798		783		728		722
Diluted average shares outstanding	38,405		39,079		38,491		38,841
Net earnings	$	109,118	$	69,809	$	270,948	$	146,049


Basic earnings per share	$	2.90	$	1.82	$	7.17	$	3.83
Diluted earnings per share	$	2.84	$	1.79	$	7.04	$	3.76