EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

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


	For the years ended December 31,
	2020		2019		2018
Numerator for basic and diluted earnings per share:
Net income	$	134,837	$	97,740	$	65,636
Denominator:
Weighted basic shares outstanding	55,479		55,845		56,148
Dilutive effect of equity-based compensation awards	211		284		192
Weighted dilutive shares outstanding	55,690		56,129		56,340

Basic earnings per share	$	2.43	$	1.75	$	1.17
Diluted earnings per share	$	2.42	$	1.74	$	1.16

For the years ended December 31, 2020, 2019 and 2018, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 53,667, 122,785 and 79,390 respectively, of performance stock awards for which the performance criteria were not attained at the reporting dates and 8,878, 16,304 and 121,803 respectively, of restricted stock awards and performance stock awards which were excluded as their inclusion would have had an antidilutive effect.