XML 36 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

EARNINGS PER SHARE | 3 Months Ended
--- | ---
Mar. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, any nonvested shares of restricted stock that have been issued by the Company and are contingently returnable to the Company are excluded from the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, unvested restricted stock, unvested equity-settled RSUs and the stock to be issued under the Company’s ESPP. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share of common stock as follows:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 102,292 |  |  | $ | 89,719 |  |  |  |  |
Numerator for basic and diluted earnings per share | $ | 102,292 |  |  | $ | 89,719 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average common shares for basic earnings per share | 57,702 |  |  | 56,915 |  |  |  |  |
Net effect of dilutive stock options, restricted stock units, restricted stock awards and stock issuable under the ESPP | 1,596 |  |  | 2,026 |  |  |  |  |
Weighted average common shares for diluted earnings per share | 59,298 |  |  | 58,941 |  |  |  |  |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 1.77 |  |  | $ | 1.58 |  |  |  |  |
Diluted | $ | 1.73 |  |  | $ | 1.52 |  |  |  |  |
The number of shares underlying equity-based awards that were excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive was 260 thousand and 137 thousand during the three months ended March 31, 2023 and 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration