Stockholders' Equity and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Stockholders' Equity and Earnings Per Share [Abstract]

Schedule of earnings per share calculations

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,
	2021		2020		2021		2020
Basic:
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
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.