EARNINGS PER SHARE (Notes)

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

Basic EPS is calculated by dividing net income by the daily weighted-average number of common shares outstanding during the periods presented, which includes fully vested stock awards that have not yet been issued as common stock. Diluted EPS is based on shares outstanding for the calculation of basic EPS, plus unvested stock awards granted under our compensation plans, but only to the extent these instruments dilute earnings per share.

The following tables set forth the computation of basic and diluted EPS from continuing operations for the periods indicated:


	Three Months Ended March 31, 2022
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	98,934	53,922	$	1.83
Diluted EPS Calculation
Effect of dilutive securities	—		108
Net income available for common stock and common stock equivalents	$	98,934	54,030	$	1.83


	Three Months Ended March 31, 2021
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	95,575	53,372	$	1.79
Diluted EPS Calculation
Effect of dilutive securities	—		143
Net income available for common stock and common stock equivalents	$	95,575	53,515	$	1.79