EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 3 - EARNINGS PER SHARE

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

	Year Ended December 31,
	2021		2020		2019
Numerator:
Net income	$	276,466	$	206,115	$	293,109
Denominator (shares in 000's):
Basic weighted average shares outstanding		59,309		59,633		61,960
Effect of dilutive securities - Stock options and awards		753		615		698
Diluted weighted average shares outstanding		60,062		60,248		62,658
Basic earnings per share	$	4.66	$	3.46	$	4.73
Diluted earnings per share	$	4.60	$	3.42	$	4.68

For the years ended December 31, 2021, 2020 and 2019, common shares subject to equity-based awards of 2,949, 615,302 and 524,110, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.