Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share Reconciliation [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):


	Years Ended December 31,
	2021		2020		2019
Numerator for basic and diluted net income per common share:
Net income from continuing operations	$	401,395	$	28,660	$	40,893
Net income available to participating securities (1)	(326)		(120)		(379)
Net income available to the Company’s common shareholders from continuing operations	$	401,069	$	28,540	$	40,514
Denominator:
Weighted-average outstanding shares of common stock	45,893,928		46,308,825		47,647,397
Dilutive effect of:
Equity incentive plans	311,585		7,537		78,076
Convertible debt (2)	1,657,232		799,247		1,300,211
Common stock and common stock equivalents	47,862,745		47,115,609		49,025,684
Net income per share from continuing operations:
Basic	$	8.74	$	0.62	$	0.85
Diluted	$	8.38	$	0.61	$	0.83

(1)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

(2)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 10 - Debt).