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NET EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
NET EARNINGS PER SHARE [Abstract]  
NET EARNINGS PER SHARE
NOTE 8 – NET EARNINGS PER SHARE

The following presents a reconciliation of the net earnings and shares used in calculating basic and diluted net earnings per share:

 
 
Three months ended June 30, 2014
 
 
Net Earnings
(Numerator)
   
Number of
Shares
(Denominator)
   
 
Per Share
Amount
 
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
9,732
   
30,280,366
  
$
.32
 
 
            
Effect of dilutive securities – stock options and restricted stock
      
869,413
     
 
            
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
9,732
   
31,149,779
  
$
.31
 

 
 
Three months ended June 30, 2013
 
Net
Earnings
(Numerator)
   
Number of
Shares
(Denominator)
   
 
Per Share
Amount
 
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
11,582
   
29,505,151
  
$
.39
 
 
            
Effect of dilutive securities – stock options and restricted stock
      
1,280,234
     
 
            
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
11,582
   
30,785,385
  
$
.38
 

 
 
Six months ended June 30, 2014
 
Net
Earnings
(Numerator)
   
Number of
Shares
(Denominator)
   
 
Per Share
Amount
 
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
18,626
   
30,213,536
  
$
.62
 
 
            
Effect of dilutive securities – stock options and restricted stock
      
898,153
     
 
            
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
18,626
   
31,111,689
  
$
.60
 

 
 
Six months ended June 30, 2013
 
 
Net Earnings
(Numerator)
   
Number of
Shares
(Denominator)
   
 
Per Share
Amount
 
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
22,470
   
29,410,802
  
$
.76
 
 
            
Effect of dilutive securities – stock options and restricted stock
      
1,289,759
     
 
            
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
22,470
   
30,700,561
  
$
.73
 

The Company had stock options covering 154,476 and 161,286 shares at June 30, 2014 and 2013, respectively, that could potentially dilute basic earnings per share in future periods that were not included in diluted earnings per share because their effect on the period presented was anti-dilutive.

The Company has some share-based payment awards that have non-forfeitable dividend rights. These awards are restricted shares and they participate on a one-for-one basis with holders of common stock. These awards have an immaterial impact as participating securities with regard to the calculation using the two-class method for determining earnings per share.