Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share (EPS) amounts are computed by dividing earnings by the weighted average number of common shares outstanding during the period. Diluted EPS amounts assume the issuance of common stock for all potentially dilutive equivalents outstanding. To the extent stock awards are anti-dilutive, they are excluded from the calculation of diluted EPS.

The details of basic and diluted EPS are as follows:

	Three Months Ended
(in thousands, except per share data)	March 31, 2022		March 31, 2021
Net income	$	70,988	$	72,398
Weighted average shares outstanding – basic	87,122		86,808
Dilutive effect of stock plans	628		1,178
Weighted average shares outstanding – diluted	87,750		87,986
Basic earnings per share	$	0.81	$	0.83
Diluted earnings per share	$	0.81	$	0.82
Anti-dilutive shares	65		27