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Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

12. Earnings Per Share

The following table sets forth the computations of basic and diluted earnings per share:  



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2018

 

2017

 

2016

Net income

$

176,553 

 

$

176,253 

 

$

22,938 

Shares:

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

27,823 

 

 

28,491 

 

 

29,265 

Dilutive stock awards

 

139 

 

 

70 

 

 

505 

Diluted weighted-average number of common shares outstanding

 

27,962 

 

 

28,561 

 

 

29,770 

Basic earnings per share

$

6.35 

 

$

6.19 

 

$

0.78 

Diluted earnings per share

$

6.31 

 

$

6.17 

 

$

0.77 



The following stock awards were excluded from the calculation of diluted EPS:





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2018

 

2017

 

2016

Stock awards subject to performance conditions

 

95 

 

 

217 

 

 

263 

Stock awards that were antidilutive

 

1,741 

 

 

1,695 

 

 

1,316 

Total stock awards excluded from diluted earnings per share

 

1,836 

 

 

1,912 

 

 

1,579