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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 14. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the three months ended March 31 (in thousands, except per share amounts):

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

68,017

 

 

$

48,424

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

69,293

 

 

 

67,239

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

213

 

 

 

142

 

Weighted-average number of common shares outstanding-diluted

 

 

69,506

 

 

 

67,381

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.98

 

 

$

0.72

 

Diluted

 

$

0.98

 

 

$

0.72

 

 

There were no shares excluded from the calculation because they were antidilutive.