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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2024
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, 

    

2024

    

2023

    

2022

Numerator:

 

  

 

  

 

  

Net income

$

466,108

$

545,248

$

472,224

Denominator (shares in 000's):

 

  

 

  

 

  

Basic weighted average shares outstanding

 

56,639

 

57,364

 

58,030

Effect of dilutive securities - Stock options and awards

 

555

 

857

 

719

Diluted weighted average shares outstanding

 

57,194

 

58,221

 

58,749

Basic earnings per share

$

8.23

$

9.50

$

8.14

Diluted earnings per share

$

8.15

$

9.37

$

8.04

For the years ended December 31, 2024, 2023 and 2022, common shares subject to equity-based awards of 20,495, 69,901 and 127,358, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.