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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2020
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 - EARNINGS PER SHARE

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

Year Ended December 31, 

    

2020

    

2019

    

2018

Numerator:

 

  

 

  

 

  

Net income

$

206,115

$

293,109

$

287,066

Denominator (shares in 000's):

 

  

 

  

 

  

Basic weighted average shares outstanding

 

59,633

 

61,960

 

64,886

Effect of dilutive securities - Stock options and awards

 

615

 

698

 

796

Diluted weighted average shares outstanding

 

60,248

 

62,658

 

65,682

Basic earnings per share

$

3.46

$

4.73

$

4.42

Diluted earnings per share

$

3.42

$

4.68

$

4.37

For the years ended December 31, 2020, 2019 and 2018, common shares subject to equity-based awards of 615,302, 524,110 and 324,688, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.