EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE     

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

	Three Months Ended
	March 31,
	2021		2020
Numerator for basic and diluted earnings per share:
Net income	$	21,736	$	11,572
Denominator:
Basic shares outstanding	54,723		55,757
Dilutive effect of outstanding stock awards	320		298
Dilutive shares outstanding	55,043		56,055
Basic earnings per share:	$	0.40	$	0.21
Diluted earnings per share:	$	0.39	$	0.21

For the three months ended March 31, 2021 and March 31, 2020, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 34,219 and 121,726, respectively, of performance stock awards for which the performance criteria were not attained at the reporting dates and 6,000 and 9,925, respectively, of restricted stock awards which were excluded as their inclusion would have an antidilutive effect.