Earning Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share

Basic EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

(In thousands)	2020	2019	2018
Basic earnings per share—Weighted common shares outstanding	134,837	135,137	141,026
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,429	1,431	1,584
Diluted earnings per share—Weighted common shares outstanding	136,266	136,568	142,610

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS

The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the years ended December 31, 2020, 2019 and 2018:

(In thousands)	2020	2019	2018
Shares excluded from calculations of diluted EPS	195	273	267