Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS was as follows:

	Three months ended March 31,
	2021			2020
	(In thousands, except per-share amounts)
Basic EPS:
Numerator:
Net income	$	97,872		$	72,469
Income attributable to unvested participating securities		(417	)		(310	)
Net income used in calculating basic EPS	$	97,455		$	72,159
Denominator:
Weighted-average vested shares		39,456			41,131
Basic EPS	$	2.47		$	1.75
Diluted EPS:
Numerator:
Net income	$	97,872		$	72,469
Income attributable to unvested participating securities		(416	)		(310	)
Net income used in calculating diluted EPS	$	97,456		$	72,159
Denominator:
Weighted-average vested shares		39,456			41,131
Dilutive effect of incremental shares to be issued for    contingently-issuable shares		125			108
Weighted-average shares used in calculating diluted EPS		39,581			41,239
Diluted EPS	$	2.46		$	1.75