Earning Per Share (EPS)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earning Per Share (EPS)

EARNINGS PER SHARE (“EPS”)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)	2022	2021	2020
Basic earnings per share—Weighted common shares outstanding	142,294	135,411	134,837
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	852	1,163	1,429
Diluted earnings per share—Weighted common shares outstanding	143,146	136,574	136,266

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, 2022, 2021 and 2020:

(In thousands)	2022	2021	2020
Shares excluded from calculations of diluted EPS	447	136	195