Earnings Per Common Share (Notes)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

Summarized basic and diluted earnings per common share were calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2020		2019		2020		2019
Numerator:
Net earnings	$	64,030	$	31,277	$	151,815	$	133,055
Denominator:
Weighted-average shares outstanding	53,985		54,487		54,186		54,190
Effect of dilutive stock awards	1,621		1,571		1,476		1,563
Weighted-average dilutive shares	55,606		56,058		55,662		55,753
Basic earnings per common share	$	1.19	$	0.57	$	2.80	$	2.46
Diluted earnings per common share	$	1.15	$	0.56	$	2.73	$	2.39
Anti-dilutive securities excluded from diluted loss per common share:
Anti-dilutive performance share units	—		260		324		260
Anti-dilutive stock options	907		974		1,238		1,047