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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Basic and Diluted Weighted Average Shares Outstanding

A reconciliation of basic and diluted weighted average shares outstanding is as follows:

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

 

(Amounts in thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

Net income

 

$

46,964

 

 

$

29,450

 

Effect of dilutive securities:

 

 

 

 

 

 

Charges associated with convertible debt instruments, net of tax

 

 

387

 

 

 

 

Numerator for diluted earnings per share - net income available to common
     stockholders after the effect of dilutive securities

 

$

47,351

 

 

$

29,450

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average shares used in computing net income per share - basic

 

 

55,353

 

 

 

54,805

 

Effect of dilutive shares:

 

 

 

 

 

 

Options and stock units

 

 

726

 

 

 

964

 

Convertible Senior Notes

 

 

2,726

 

 

 

1,092

 

Dilutive effect of unvested performance stock units

 

 

11

 

 

 

8

 

Dilutive potential common shares

 

 

3,463

 

 

 

2,064

 

Denominator for diluted earnings per share - adjusted weighted average
     shares used in computing net income per share - diluted

 

 

58,816

 

 

 

56,869

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.85

 

 

$

0.54

 

Diluted

 

$

0.81

 

 

$

0.52