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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

(in thousands, except per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

445,250

 

 

$

182,279

 

 

$

981,165

 

 

$

416,138

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

 

110,956

 

 

 

112,584

 

 

 

111,000

 

 

 

112,913

 

Effect of dilutive restricted stock units (“RSUs”)

 

 

412

 

 

 

259

 

 

 

344

 

 

 

263

 

Diluted weighted-average shares

 

 

111,368

 

 

 

112,843

 

 

 

111,344

 

 

 

113,176

 

Net income per share attributable to the Company’s stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

4.01

 

 

$

1.62

 

 

$

8.84

 

 

$

3.69

 

Diluted

 

$

4.00

 

 

$

1.62

 

 

$

8.81

 

 

$

3.68