EARNINGS PER SHARE

12 Months Ended

Dec. 31, 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:

	Year Ended December 31,
	2023		2022		2021
Numerator:
Net income	$	545,248	$	472,224	$	276,580
Denominator (shares in 000's):
Basic weighted average shares outstanding		57,364		58,030		59,309
Effect of dilutive securities - Stock options and awards		857		719		753
Diluted weighted average shares outstanding		58,221		58,749		60,062
Basic earnings per share	$	9.50	$	8.14	$	4.66
Diluted earnings per share	$	9.37	$	8.04	$	4.60

For the years ended December 31, 2023, 2022 and 2021, common shares subject to equity-based awards of 69,901, 127,358 and 2,949, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.