XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.2
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2021
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:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

    

2021

 

2020

 

2021

 

2020

Numerator:

 

​

​

 

​

  

 

​

  

 

​

  

Net income

​

$

31,757

​

$

58,479

​

$

202,039

​

$

141,037

Denominator (shares in 000's):

​

 

​

​

 

​

​

 

​

​

 

​

Basic weighted average shares outstanding

​

 

59,289

​

 

59,426

​

 

59,465

​

 

59,655

Effect of dilutive securities - Stock options and awards

​

 

766

​

 

592

​

 

703

​

 

547

Diluted weighted average shares outstanding

​

 

60,055

​

 

60,018

​

 

60,168

​

 

60,202

Basic earnings per share

​

$

0.54

​

$

0.98

​

$

3.40

​

$

2.36

Diluted earnings per share

​

$

0.53

​

$

0.97

​

$

3.36

​

$

2.34

​

For the three months ended September 30, 2021 and 2020, common shares subject to equity-based awards of 2,126 and 557,198, respectively, were excluded from the computation of diluted earnings per share because the effect

of their exercise would be anti-dilutive. For the nine months ended September 30, 2021 and 2020, common shares subject to equity-based awards of 150,254 and 547,329, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.