EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net income	$	101,708	$	137,331	$	225,123	$	259,262
Denominator (shares in 000's):
Basic weighted average shares outstanding		56,816		57,479		56,841		57,537
Effect of dilutive securities - Stock options and awards		550		824		664		816
Diluted weighted average shares outstanding		57,366		58,303		57,505		58,353
Basic earnings per share	$	1.79	$	2.39	$	3.96	$	4.51
Diluted earnings per share	$	1.77	$	2.36	$	3.91	$	4.44

For the three months ended June 30, 2024 and 2023, common shares subject to equity-based awards of 25,472 and 76, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2024 and 2023, common shares subject to equity-based awards of 18,008 and 115, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.