Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Year Ended December 31,
	2019		2018		2017
Numerator:
Net income	$	144,738	$	134,572	$	95,128
Denominator:
Basic weighted average shares outstanding		58,430,597		58,739,670		58,785,118
Effect of dilutive securities:
Stock appreciation rights		124,425		176,700		198,642
Restricted stock		102,727		150,932		167,160
Diluted weighted average shares outstanding		58,657,749		59,067,302		59,150,920
Basic earnings per share	$	2.48	$	2.29	$	1.62
Diluted earnings per share	$	2.47	$	2.28	$	1.61

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Year Ended December 31,
	2019		2018		2017
Restricted stock		—		214		166
Stock appreciation rights		20,770		13,347		21,234