Earnings per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income, and basic and diluted income per share for the three and nine months ended September 30, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands, except per share amounts)	2020		2019		2020		2019
NUMERATOR
Net income	$	73,537	$	37,838	$	159,791	$	85,807
DENOMINATOR
Basic weighted average shares outstanding	28,653		27,981		28,554		27,695
Effect of dilutive securities:
Stock option awards	376		403		253		338
Deferred compensation awards	257		214		223		205
Diluted weighted average shares outstanding	$	29,286	$	28,598	$	29,030	$	28,238
Earnings per common share:
Basic	$	2.57	$	1.35	$	5.60	$	3.10
Diluted	$	2.51	$	1.32	$	5.50	$	3.04
Anti-dilutive equity awards not included in the calculation of diluted earnings per common share	435		—		360		412