Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 9 – Earnings Per Share

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

	Three Months Ended March 31,
(in thousands, except per share amounts)	2020		2019
Numerator
Net income attributable to the Company	$	63,204	$	109,575
Denominator
Basic weighted-average shares		113,556		112,703
Effect of dilutive employee stock options and restricted stock units (“RSUs”)		403		521
Diluted weighted-average shares		113,959		113,224
Net income per share attributable to the Company’s stockholders
Basic	$	0.56	$	0.97
Diluted	$	0.55	$	0.97

For the three months ended March 31, 2020 and 2019, 192 thousand and 301 thousand RSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.  No stock options had a dilutive effect on weighted-average common shares outstanding during the three months ended March 31, 2020, as all remaining stock options outstanding were exercised during the fourth quarter of 2019.