Earnings Per Common Share (Notes)

3 Months Ended

Mar. 31, 2021

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


	Three Months Ended March 31,
(in thousands, except per share data)		2021		2020
Numerator:
Net earnings		$	42,552	$	49,292
Denominator:
Weighted-average shares outstanding(1)		56,247		54,774
Effect of dilutive stock awards(2)		10,048		1,378
Weighted-average dilutive shares		66,295		56,152

Basic earnings per common share		$	0.76	$	0.90
Diluted earnings per common share		$	0.64	$	0.88
Anti-dilutive securities excluded from diluted earnings per common share:
Anti-dilutive restricted share units(3)		—		148
Anti-dilutive performance share units(3)		—		519
Anti-dilutive stock options(3)		—		1,357

(1) Weighted-average shares outstanding for the three months ended March 31, 2021 includes approximately 1.3 million weighted-average common shares issued in connection with the acquisition of Acima Holdings in February 2021. See Note 2 for additional information.

(2) Dilutive stock awards for the three months ended March 31, 2021 includes approximately 8.1 million common shares issued in connection with the acquisition of Acima Holdings in February 2021, and subject to vesting conditions under restricted stock agreements.

(3) There were no anti-dilutive stock awards for the three months ended March 31, 2021.