Earnings per Share

12 Months Ended

Dec. 31, 2019

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



	Year Ended December 31,
	2019		2018		2017
	(in thousands, except per-share amounts)
Numerator:
Net income (1)	$	335,255	$	155,749	$	415,522
Denominator:
Weighted-average shares outstanding, basic	68,429		68,249		69,221
Effect of dilutive stock awards	130		182		156
Adjusted weighted-average shares outstanding, diluted	68,559		68,431		69,377
Earnings per Share:
Basic earnings per common share (1)	$	4.90	$	2.28	$	6.00
Diluted earnings per common share (1)	$	4.89	$	2.28	$	5.99

Anti-dilutive weighted-average shares	143		145		85

(1) During the twelve months ended December 31, 2017, the Company recorded a non-recurring income tax benefit of $196.7 million ($2.84 and $2.84 per basic and diluted share, respectively) due to the enactment of the Tax Cuts and Jobs Act of 2017. For additional information, refer to Note 17, Income Taxes.