Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

6. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted EPS for the years ended December 31, 2020, 2019 and 2018 (in thousands, except per share data):

	2020		2019		2018
Numerator:
Net income	$	102,859	$	77,916	$	55,789
Denominator:
Weighted average shares of common stock outstanding		11,771		11,771		11,947
Effect of dilutive common stock equivalents		79		346		132
Weighted average shares of common stock outstanding		11,850		12,117		12,079
Earnings per share - basic	$	8.74	$	6.62	$	4.67
Earnings per share - diluted	$	8.68	$	6.43	$	4.62

The calculation of diluted earnings per share excluded 358, 984 and 298 antidilutive options outstanding for the years ended December 31, 2020, 2019 and 2018, respectively. The calculation of diluted earnings per share for the years ended December 31, 2020, 2019 and 2018 also excluded 2,658, 718 and 258 antidilutive restricted stock awards, respectively.