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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted EPS

The calculations of basic and diluted EPS were as follows:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

Numerator:

 

June 30, 2022

 

 

June 30, 2021

 

 

June 30, 2022

 

 

June 30, 2021

 

 

Net Income

 

$

88,258

 

 

$

107,110

 

 

$

169,769

 

 

$

197,043

 

 

Plus: Interest expense on convertible notes, net of tax

 

 

1,040

 

 

 

-

 

 

 

2,086

 

 

 

-

 

 

         Unrealized loss on financial instruments, net of tax

 

 

-

 

 

 

-

 

 

 

-

 

 

 

112

 

 

Diluted net income

 

$

89,298

 

 

$

107,110

 

 

$

171,855

 

 

$

197,155

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS weighted average shares outstanding

 

 

28,243

 

 

 

29,011

 

 

 

28,547

 

 

 

28,752

 

 

Effect of dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible notes

 

 

4,731

 

 

 

608

 

 

 

4,881

 

 

 

304

 

 

Warrants

 

 

590

 

 

 

499

 

 

 

600

 

 

 

625

 

 

Restricted stock

 

 

115

 

 

 

201

 

 

 

156

 

 

 

219

 

 

Diluted EPS weighted average shares outstanding

 

 

33,679

 

 

 

30,319

 

 

 

34,184

 

 

 

29,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.12

 

 

$

3.69

 

 

$

5.95

 

 

$

6.85

 

 

Diluted

 

$

2.65

 

 

$

3.53

 

 

$

5.03

 

 

$

6.59