Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

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)	2021		2020		2021		2020
Numerator:
Net earnings	$	21,267	$	64,030	$	125,128	$	151,815
Denominator:
Weighted-average shares outstanding(1)	58,267		53,985		57,603		54,186
Effect of dilutive stock awards(2)	9,927		1,621		9,853		1,476
Weighted-average dilutive shares	68,194		55,606		67,456		55,662

Basic earnings per common share	$	0.36	$	1.19	$	2.17	$	2.80
Diluted earnings per common share	$	0.31	$	1.15	$	1.85	$	2.73
Anti-dilutive securities excluded from diluted earnings per common share:
Anti-dilutive restricted share units	—		—		110		—
Anti-dilutive performance share units	295		—		295		324
Anti-dilutive stock options	33		907		33		1,238

(1) Weighted-average shares outstanding for the nine months ended September 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 nine months ended September 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.