EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

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 March 31,
	2025		2024
Numerator:
Net income	$	118,487	$	123,415
Denominator (shares in 000's):
Basic weighted average shares outstanding		56,058		56,865
Effect of dilutive securities - Stock options and awards		469		776
Diluted weighted average shares outstanding		56,527		57,641
Basic earnings per share	$	2.11	$	2.17
Diluted earnings per share	$	2.10	$	2.14

For the three months ended March 31, 2025 and 2024, common shares subject to equity-based awards of 21,704 and 25,147, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.