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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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 June 30, 

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Six Months Ended June 30, 

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2022

 

2021

 

2022

 

2021

Numerator:

 

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Net income

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$

127,823

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$

96,105

​

$

253,853

​

$

170,282

Denominator (shares in 000's):

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​

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​

​

 

​

​

 

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Basic weighted average shares outstanding

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58,016

​

 

59,464

​

 

58,311

​

 

59,553

Effect of dilutive securities - Stock options and awards

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672

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700

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659

​

 

676

Diluted weighted average shares outstanding

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58,688

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60,164

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58,970

​

 

60,229

Basic earnings per share

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$

2.20

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$

1.62

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$

4.35

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$

2.86

Diluted earnings per share

​

$

2.18

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$

1.60

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$

4.30

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$

2.83

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For the three months ended June 30, 2022 and 2021, common shares subject to equity-based awards of 62,987 and 179,861, respectively, were excluded from the computation of diluted earnings per share because the

effect of their exercise would be anti-dilutive. For the six months ended June 30, 2022 and 2021, common shares subject to equity-based awards of 108,497 and 134,388, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.