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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2022
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:

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Three Months Ended March 31, 

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2022

 

2021

Numerator:

 

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​

  

Net income

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$

126,030

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$

74,177

Denominator (shares in 000's):

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​

​

 

​

Basic weighted average shares outstanding

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58,606

​

 

59,642

Effect of dilutive securities - Stock options and awards

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666

​

 

657

Diluted weighted average shares outstanding

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59,272

​

 

60,299

Basic earnings per share

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$

2.15

​

$

1.24

Diluted earnings per share

​

$

2.13

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$

1.23

​

For the three months ended March 31, 2022 and 2021, common shares subject to equity-based awards of 69,614 and 89,592, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.