Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

v3.21.2
Income Per Share (Tables)
9 Months Ended
Sep. 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 September 30, 

 

Nine Months Ended September 30, 

2021

2020

 

2021

2020

Net income (in thousands) - basic and diluted

$

95,435

$

69,996

$

245,658

$

176,266

Weighted average number of common shares outstanding - basic

32,763,311

32,847,652

32,818,145

32,960,969

Dilutive effect of common stock equivalents:

RSAs with service-based conditions

15,058

42,317

22,044

53,719

RSAs with market-based conditions

115,105

159,985

126,769

145,835

RSAs with performance-based conditions

73,597

49,065

60,595

38,719

Stock options

121,609

111,526

128,442

138,017

Weighted average number of common shares outstanding - diluted

33,088,680

33,210,545

33,155,995

33,337,259

Basic net income per common share

$

2.91

$

2.13

$

7.49

$

5.35

Diluted net income per common share

$

2.88

$

2.11

$

7.41

$

5.29

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 September 30, 

 

Nine Months Ended September 30, 

2021

 

2020

 

2021

 

2020

Anti-dilutive common stock equivalents:

RSAs with service-based conditions

176

1,607

4,184

RSAs with market-based conditions

11,065

9,235

2,780

RSAs with performance-based conditions

Stock options

24,066

26,556

19,966

39,998

Total anti-dilutive common stock equivalents

35,307

26,556

30,808

46,962