EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

The following are computations of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020		2019		2020		2019
Numerator for basic and diluted earnings per share:
Net income	$	29,023	$	36,244	$	40,595	$	37,220

Denominator:
Basic shares outstanding	55,590		55,875		55,673		55,861
Dilutive effect of outstanding stock awards	158		191		209		140
Dilutive shares outstanding	55,748		56,066		55,882		56,001

Basic earnings per share:	$	0.52	$	0.65	$	0.73	$	0.67

Diluted earnings per share:	$	0.52	$	0.65	$	0.73	$	0.66

For the three months ended June 30, 2020 and June 30, 2019, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 96,018 and 75,759, respectively, of performance stock awards for which the performance criteria were not attained at the time and 149,460 and 4,623, respectively, of restricted stock awards and performance awards which were excluded as their inclusion would have an antidilutive effect.

For the six months ended June 30, 2020 and June 30, 2019, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 96,018 and 75,759, respectively, of performance stock awards for which the performance criteria were not attained at the time and 14,716 and 78,892, respectively, of restricted stock awards which were excluded as their inclusion would have an antidilutive effect.