XML 37 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders' Equity and Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Stockholders' Equity and Earnings Per Share [Abstract]  
Stockholders' Equity and Earnings Per Share Stockholders’ Equity and Earnings Per Share
The following table presents the basic and diluted EPS calculations for the three and nine months ended September 30, 2021 and 2020. For more information on the calculation of EPS, see Note 1 — Summary of Significant Accounting Policies — Significant Accounting Policies — Earnings Per Share to the Consolidated Financial Statements of the Company’s 2020 Form 10-K.
($ and shares in thousands, except per share data)Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Basic:
Net income$225,449 $159,537 $655,185 $403,713 
Basic weighted-average number of shares outstanding141,880 141,498 141,799 142,595 
Basic EPS$1.59 $1.13 $4.62 $2.83 
Diluted:
Net income$225,449 $159,537 $655,185 $403,713 
Basic weighted-average number of shares outstanding 141,880 141,498 141,799 142,595 
Diluted potential common shares (1)
1,263 545 1,252 487 
Diluted weighted-average number of shares outstanding (1)
143,143 142,043 143,051 143,082 
Diluted EPS$1.57 $1.12 $4.58 $2.82 
(1)Includes dilutive shares from RSUs for the three and nine months ended September 30, 2021 and 2020.

For the three and nine months ended September 30, 2021, two thousand and six thousand weighted-average shares of anti-dilutive RSUs, respectively, were excluded from the diluted EPS computation. In comparison, 124 thousand and 123 thousand weighted-average shares of anti-dilutive RSUs, respectively, were excluded from the diluted EPS computation for the three and nine months ended September 30, 2020.

Stock Repurchase Program — In 2020, the Company’s Board of Directors authorized a stock repurchase program to buy back up to $500.0 million of the Company’s common stock, and the Company repurchased 4,471,682 shares at an average price of $32.64 per share, for a total cost of $146.0 million. In comparison, the Company did not repurchase any shares during the three and nine months ended September 30, 2021.