Earnings per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
NUMERATOR
Net income	$	91,012	$	73,537	$	283,485	$	159,791
DENOMINATOR
Basic weighted average shares outstanding	29,250		28,653		29,179		28,554
Effect of dilutive securities:
Stock option awards	447		376		474		253
Deferred compensation awards	331		257		313		223
Diluted weighted average shares outstanding	$	30,028	$	29,286	$	29,966	$	29,030
Earnings per common share:
Basic	$	3.11	$	2.57	$	9.72	$	5.60
Diluted	$	3.03	$	2.51	$	9.46	$	5.50
Anti-dilutive equity awards not included in the calculation of diluted earnings per common share	16		435		7		360