EARNINGS PER SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net income	$	100,756	$	129,343	$	325,879	$	388,605
Denominator (shares in 000's):
Basic weighted average shares outstanding		56,565		57,320		56,749		57,465
Effect of dilutive securities - Stock options and awards		501		816		600		812
Diluted weighted average shares outstanding		57,066		58,136		57,349		58,277
Basic earnings per share	$	1.78	$	2.26	$	5.74	$	6.76
Diluted earnings per share	$	1.77	$	2.22	$	5.68	$	6.67

For the three months ended September 30, 2024 and 2023, common shares subject to equity-based awards of 43,250 and 19,368, 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, 2024 and 2023, common shares subject to equity-based awards of 38,665 and 67,549, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.