Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


	Year ended December 31,
	2024		2023		2022
Numerators:
Net income	$	198,297	$	184,558	$	142,968
Denominators:
Basic weighted average common shares outstanding	162,718,840		166,341,213		166,651,585
Dilutive effect of stock-based awards	1,602,816		1,820,158		2,517,705

Diluted weighted average common shares outstanding	164,321,656		168,161,371		169,169,290
Earnings per share:
Basic	$	1.22	$	1.11	$	0.86
Diluted	$	1.21	$	1.10	$	0.85
Weighted average potentially dilutive shares considered anti-dilutive and not included in computing diluted earnings per share	2,073,990		1,628,932		2,830

On March 15, 2024, the Company entered into a master confirmation (the “Master Accelerated Share Repurchase Confirmation”) and a supplemental confirmation (together with the Master Accelerated Share Repurchase Confirmation, the “2024 ASR Agreement”), with Citibank, N.A. (“Citibank”). Refer to Note 19 - Capital Structure to the consolidated financial statements for further details. During the year ended December 31, 2024, the Company recorded the initial delivery and final settlement of shares in treasury stock, which resulted in an immediate reduction of its outstanding shares used to calculate the weighted average common shares outstanding for basic and diluted earnings per share.