Earnings Per Share

6 Months Ended

Jun. 30, 2023

Basic earnings per share (EPS) amounts are computed by dividing earnings by the weighted average number of common shares outstanding during the period. Diluted EPS amounts assume the issuance of common stock for all potentially dilutive equivalents outstanding. To the extent stock awards are anti-dilutive, they are excluded from the calculation of diluted EPS.

The details of basic and diluted EPS are as follows:


	Three Months Ended				Six Months Ended
(in thousands, except per share data)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Net income	$	69,526	$	98,800	$	170,148	$	169,788
Weighted average shares outstanding – basic	86,696		87,001		86,813		87,062
Dilutive effect of stock plans	496		320		499		473
Weighted average shares outstanding – diluted	87,192		87,321		87,312		87,535
Basic earnings per share	$	0.80	$	1.14	$	1.96	$	1.95
Diluted earnings per share	$	0.80	$	1.13	$	1.95	$	1.94
Anti-dilutive shares	50		979		350		522