Earnings per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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, 2022 and 2021:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share amounts)	2022		2021		2022		2021
NUMERATOR
Net income	$	136,838	$	107,607	$	228,677	$	192,473
DENOMINATOR
Basic weighted average shares outstanding	28,041		29,271		28,231		29,144
Effect of dilutive securities:
Stock option awards	246		512		287		487
Deferred compensation awards	303		310		308		304
Diluted weighted average shares outstanding	28,590		30,093		28,826		29,935
Earnings per common share:
Basic	$	4.88	$	3.68	$	8.10	$	6.60
Diluted	$	4.79	$	3.58	$	7.93	$	6.43
Anti-dilutive equity awards not included in the calculation of diluted earnings per common share	908		6		784		3