Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2021		2020		2021		2020
Numerator:
Net earnings	$	61,309	$	38,493	$	103,861	$	87,785
Denominator:
Weighted-average shares outstanding(1)	58,295		53,800		57,271		54,287
Effect of dilutive stock awards(2)	9,525		1,424		9,787		1,401
Weighted-average dilutive shares	67,820		55,224		67,058		55,688

Basic earnings per common share	$	1.05	$	0.72	$	1.81	$	1.62
Diluted earnings per common share	$	0.90	$	0.70	$	1.55	$	1.58
Anti-dilutive securities excluded from diluted earnings per common share:
Anti-dilutive restricted share units	112		145		112		145
Anti-dilutive performance share units	236		519		236		519
Anti-dilutive stock options	34		1,349		34		1,340

(1) Weighted-average shares outstanding for the six months ended June 30, 2021 includes approximately 2.6 million common shares issued in connection with the acquisition of Acima Holdings in February 2021. See Note 2 for additional information.

(2) Weighted-average dilutive shares outstanding for the six months ended June 30, 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.