EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
Numerator for basic and diluted earnings per share:
Net income	$	45,314	$	21,736
Denominator:
Weighted-average basic shares outstanding	54,408		54,723
Dilutive effect of outstanding stock awards	264		320
Dilutive shares outstanding	54,672		55,043
Basic earnings per share:	$	0.83	$	0.40
Diluted earnings per share:	$	0.83	$	0.39

For the three months ended March 31, 2022 and 2021, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 153,985 and 34,219, respectively, of performance stock awards for which the performance criteria were not attained at the reporting dates and 19,500 and 6,000, respectively, of restricted stock awards which were excluded as their inclusion would have an antidilutive effect.