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Earnings Per Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  |  |  |  | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator for basic and diluted net income per common share: |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 42,569 |  |  | $ | 60,883 |  |  | $ | 136,209 |  |  | $ | 92,580 |
Net income available to participating securities (a) |  |  |  |  | (28) |  |  | (89) |  |  | (143) |  |  | (477) |
Net income available to the Company’s common shareholders |  |  |  |  | $ | 42,541 |  |  | $ | 60,794 |  |  | $ | 136,066 |  |  | $ | 92,103 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average outstanding shares of common stock |  |  |  |  | 46,738,073 |  |  | 46,279,515 |  |  | 45,258,819 |  |  | 46,914,750 |
Dilutive effect of: |  |  |  |  |  |  |  |  |  |  |
Equity incentive plans |  |  |  |  | 332,532 |  |  | 29,557 |  |  | 272,178 |  |  | 23,211 |
Convertible debt (b) |  |  |  |  | 1,511,980 |  |  | — |  |  | 2,034,065 |  |  | 682,347 |
Common stock and common stock equivalents |  |  |  |  | 48,582,585 |  |  | 46,309,072 |  |  | 47,565,062 |  |  | 47,620,308 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.91 |  |  | $ | 1.31 |  |  | $ | 3.01 |  |  | $ | 1.96 |
Diluted |  |  |  |  | $ | 0.88 |  |  | $ | 1.31 |  |  | $ | 2.86 |  |  | $ | 1.93 |
(a)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid). (b)Represents the incremental shares issuable upon conversion of the 3.25% Convertible Notes due June 15, 2029 (subsequently redeemed in full) and 1.75% Convertible Notes due November 1, 2026 by applying the treasury stock method when the average stock price exceeds the conversion price of the Convertible Notes (see Note 9 - Debt). For the three months ended September 30, 2021 and 2020, there were zero and 423,000 options outstanding, respectively, and for the nine months ended September 30, 2021 and 2020, there were zero options outstanding, respectively, which were excluded from the computation of diluted earnings per share because the exercise prices were greater than the average market price of the common stock.

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- 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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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