Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

v3.21.2
Income Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Income Per Share  
Schedule of basic and diluted income per share

Basic and diluted net income per share were computed as follows:

Three Months Ended June 30, 

 

Six Months Ended June 30, 

2021

2020

 

2021

2020

Net income (in thousands) - basic and diluted

$

90,380

$

55,496

$

150,222

$

106,268

Weighted average number of common shares outstanding - basic

32,865,303

32,867,842

32,846,016

33,018,148

Dilutive effect of common stock equivalents:

RSAs with service-based conditions

15,456

47,618

25,538

59,419

RSAs with market-based conditions

118,102

146,496

132,600

138,760

RSAs with performance-based conditions

59,167

17,314

54,094

33,546

Stock options

119,407

123,153

131,859

151,262

Weighted average number of common shares outstanding - diluted

33,177,435

33,202,423

33,190,107

33,401,135

Basic net income per common share

$

2.75

$

1.69

$

4.57

$

3.22

Diluted net income per common share

$

2.72

$

1.67

$

4.53

$

3.18

Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive

The following table summarizes shares excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive:

Three Months Ended June 30, 

 

Six Months Ended June 30, 

2021

 

2020

 

2021

 

2020

Anti-dilutive common stock equivalents:

RSAs with service-based conditions

1,815

7,281

2,323

6,276

RSAs with market-based conditions

11,128

8,320

4,171

RSAs with performance-based conditions

Stock options

24,066

61,370

17,916

46,718

Total anti-dilutive common stock equivalents

37,009

68,651

28,559

57,165