Earnings Per Share

9 Months Ended

Sep. 30, 2021

Note 12 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2021		2020		2021		2020
Numerator
Net income attributable to the Company	$	445,250	$	182,279	$	981,165	$	416,138
Denominator
Basic weighted-average shares		110,956		112,584		111,000		112,913
Effect of dilutive restricted stock units (“RSUs”)		412		259		344		263
Diluted weighted-average shares		111,368		112,843		111,344		113,176
Net income per share attributable to the Company’s stockholders
Basic	$	4.01	$	1.62	$	8.84	$	3.69
Diluted	$	4.00	$	1.62	$	8.81	$	3.68

For the three and nine months ended September 30, 2021 an immaterial amount of RSUs were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect. For the three and nine months ended September 30, 2020, 172 thousand and 284 thousand RSUs, respectively, were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect.