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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The following table presents the computation of basic and diluted EPS:

 

 

 

Years Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

725,983

 

 

$

601,822

 

 

$

563,648

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares

   outstanding

 

 

82,508

 

 

 

83,716

 

 

 

84,644

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options, RSUs and PSUs

 

 

971

 

 

 

801

 

 

 

892

 

Diluted weighted average common shares

   outstanding

 

 

83,479

 

 

 

84,517

 

 

 

85,536

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per basic common share

 

$

8.80

 

 

$

7.19

 

 

$

6.66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per diluted common share

 

$

8.70

 

 

$

7.12

 

 

$

6.59