NOTE 19 – EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings from continuing operations by the weighted-average number of common shares outstanding. Diluted earnings per share includes the effects of contingently issuable RSUs and PSUs, if dilutive.

The following table sets forth the computation of basic and diluted earnings from continuing operations per common share:


	Year Ended		Year Ended		Year Ended
(In thousands)	December 31, 2016		December 31, 2015		December 31, 2014
Numerator:
Net earnings from continuing operations	$	111,667	$	103,856	$	63,767
Denominator (shares in thousands):
Weighted average shares for basic earnings per common share		98,838		97,963		97,506
Common equivalent shares for RSUs and PSUs		34		66		194
Shares for diluted earnings per common share		98,872		98,029		97,700
Basic earnings per common share	$	1.13	$	1.06	$	0.65
Diluted earnings per common share	$	1.13	$	1.06	$	0.65

Vested RSUs have dividend rights identical to the Company’s Class A and Class B common stock and are treated as outstanding shares for purposes of computing basic and diluted earnings per share. Unvested RSUs and unvested PSUs are subject to performance conditions and are included in diluted earnings per share, if dilutive, using the treasury stock method based on the number of shares, if any, that would be issuable under the terms of the Company’s 2013 Equity Incentive Plan if the end of the reporting period were the end of the contingency period. During the years ended December 31, 2016 and December 31, 2015, unvested PSUs of 83,477 at the minimum performance target and unvested performance based RSU’s of 90,654 were not included in the computation of diluted earnings per share as vesting conditions were not met at the end of the reporting period.