Earnings per Share

6 Months Ended

Jun. 30, 2021

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 six months ended June 30, 2021 and 2020:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
NUMERATOR
Net income	$	107,607	$	54,508	$	192,473	$	86,254
DENOMINATOR
Basic weighted average shares outstanding	29,271		28,531		29,144		28,504
Effect of dilutive securities:
Stock option awards	512		115		487		210
Deferred compensation awards	310		190		304		206
Diluted weighted average shares outstanding	$	30,093	$	28,836	$	29,935	$	28,920
Earnings per common share:
Basic	$	3.68	$	1.91	$	6.60	$	3.03
Diluted	$	3.58	$	1.89	$	6.43	$	2.98
Anti-dilutive equity awards not included in the calculation of diluted earnings per common share	6		1,178		3		676