Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Common Share

The computation of basic and diluted earnings per share of common stock is as follows:

	Three Months Ended
	March 31,
(in thousands, except per share amounts)	2021		2020
Numerator:
Net income	$	22,337	$	55,463
Income allocated to participating securities	(110)		(317)
Net income available to common shareholders	$	22,227	$	55,146
Denominator:
Weighted average shares of common stock outstanding – basic	55,263		55,343
Basic earnings per share	$	0.40	$	1.00
Numerator:
Net income	$	22,337	$	55,463
Income allocated to participating securities	(110)		(316)
Net income available to common shareholders	$	22,227	$	55,147
Denominator:
Weighted average shares of common stock outstanding – basic	55,263		55,343
Diluted effect of stock options and PVRSUs	398		334
Weighted average shares of common stock outstanding – diluted	55,661		55,677
Diluted earnings per share	$	0.40	$	0.99

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculation of diluted weighted average shares of common stock outstanding as the inclusion of these securities would have an anti-dilutive effect or the performance or market conditions have not been met:

	Three Months Ended
	March 31,
(in thousands)	2021	2020
Stock options	—	159
PVRSUs	83	253