Organization, Consolidation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Property and equipment, at cost, consist of the following (in thousands):

	December 31,
	2020			2019
Office equipment	$	39,250		$	38,373
Furniture and fixtures		5,051			5,017
Leasehold improvement		24,362			23,534
Property and equipment, gross		68,663			66,924
Less accumulated depreciation		(50,760	)		(44,199	)
Property and equipment, net	$	17,903		$	22,725

Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2020, 2019 and 2018 (in thousands, except per share data):

	Year Ended December 31,
	2020			2019			2018
	(in thousands, except per share data)
Net income	$	87,240		$	85,762		$	104,690
Earnings per share:
Basic	$	1.37		$	1.33		$	1.58
Effect of CESs		(0.01	)		(0.01	)		-
Diluted	$	1.36		$	1.32		$	1.58

Weighted average number of shares:
Basic		63,538			64,397			66,201
Effect of CESs		795			706			233
Diluted		64,333			65,103			66,434