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Net Income per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted EPS

The table below presents the calculation of basic and diluted EPS (in thousands, except per share amounts):  

 

 

Three Months Ended

March 31,

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

Net income

$

172,580

 

 

$

8,767

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

206,571

 

 

 

116,258

 

Dilutive effect of options and RSUs

 

2,053

 

 

 

1,236

 

Weighted average shares outstanding, diluted

 

208,624

 

 

 

117,494

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

Basic

$

0.84

 

 

$

0.08

 

Diluted

$

0.83

 

 

$

0.07

 

 

 

 

 

 

 

 

 

Antidilutive and contingent options and RSUs excluded

   from diluted EPS

 

78

 

 

 

217