EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
Numerator:
Net income	$	129,343	$	109,225	$	388,605	$	363,078
Denominator (shares in 000's):
Basic weighted average shares outstanding		57,320		57,823		57,465		58,148
Effect of dilutive securities - Stock options and awards		816		703		812		667
Diluted weighted average shares outstanding		58,136		58,526		58,277		58,815
Basic earnings per share	$	2.26	$	1.89	$	6.76	$	6.24
Diluted earnings per share	$	2.22	$	1.87	$	6.67	$	6.17

For the three months ended September 30, 2023 and 2022, common shares subject to equity-based awards of 19,368 and 52,495, 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, 2023 and 2022, common shares subject to equity-based awards of 67,549 and 120,106, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.