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EARNINGS PER SHARE
12 Months Ended
Dec. 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:

Year Ended December 31, 

    

2022

    

2021

    

2020

Numerator:

 

  

 

  

 

  

Net income

$

472,224

$

276,466

$

206,115

Denominator (shares in 000's):

 

  

 

  

 

  

Basic weighted average shares outstanding

 

58,030

 

59,309

 

59,633

Effect of dilutive securities - Stock options and awards

 

719

 

753

 

615

Diluted weighted average shares outstanding

 

58,749

 

60,062

 

60,248

Basic earnings per share

$

8.14

$

4.66

$

3.46

Diluted earnings per share

$

8.04

$

4.60

$

3.42

For the years ended December 31, 2022, 2021 and 2020, common shares subject to equity-based awards of 127,358, 2,949 and 615,302, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.