EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share Abstract

Earnings per share calculation

A summary of the earnings per share calculation is as follows:

	Year Ended December 31,
(In thousands, except per share amounts)	2021		2020		2019
Basic earnings per share:
Net income	$	164,413	$	71,176	$	193,468
Weighted-average common shares		60,327		59,657		58,534
Basic earnings per share	$	2.73	$	1.19	$	3.31
Diluted earnings per share: (1)
Net income	$	164,413	$	71,176	$	193,468
Weighted-average common shares		60,327		59,657		58,534
Effect of dilutive awards:
Employee stock plans		1,140		1,188		1,098
Diluted weighted-average common shares		61,467		60,845		59,632
Diluted earnings per share	$	2.67	$	1.17	$	3.24

(1) The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has included in the 2021, 2020 and 2019 calculations those shares that were contingently issuable upon the satisfaction of the performance conditions as of the end of the respective periods.