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Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

12. Earnings Per Share

The following table sets forth the computations of basic and diluted earnings per share:  

	Year ended December 31,
	2019			2018			2017
Net income	$	350,158		$	176,553		$	176,253
Shares:
Weighted-average number of common shares outstanding (for basic calculation)		27,740			27,823			28,491
Dilutive stock awards		555			139			70
Weighted-average number of common shares outstanding (for diluted calculation)		28,295			27,962			28,561
Basic earnings per share	$	12.62		$	6.35		$	6.19
Diluted earnings per share	$	12.38		$	6.31		$	6.17

The following stock awards were excluded from the calculation of diluted earnings per share:

	Year ended December 31,
	2019			2018			2017
Stock awards subject to performance conditions		81			95			217
Stock awards that were antidilutive		139			1,741			1,695
Total stock awards excluded from diluted earnings per share		220			1,836			1,912

 

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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