EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

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:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	109,225	$	31,757	$	363,078	$	202,039
Denominator (shares in 000's):
Basic weighted average shares outstanding		57,823		59,289		58,148		59,465
Effect of dilutive securities - Stock options and awards		703		766		667		703
Diluted weighted average shares outstanding		58,526		60,055		58,815		60,168
Basic earnings per share	$	1.89	$	0.54	$	6.24	$	3.40
Diluted earnings per share	$	1.87	$	0.53	$	6.17	$	3.36

For the three months ended September 30, 2022 and 2021, common shares subject to equity-based awards of 52,495 and 2,126, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the nine months ended September 30, 2022 and 2021, common shares subject to equity-based awards of 120,106 and 150,254, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.