Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2021 | | 2020 | | 2021 | | 2020 | Numerator: | | | | | | | | Net income | $ | 133,156 | | | $ | 78,682 | | | $ | 321,827 | | | $ | 167,093 | | Denominator: | | | | | | | | Basic weighted-average shares outstanding | 112,781,663 | | | 128,941,901 | | | 116,296,265 | | | 131,190,301 | | Effect of dilutive shares: | | | | | | | | Stock options and unvested restricted stock units | 1,000,588 | | | 573,213 | | | 892,628 | | | 482,351 | | Diluted weighted-average shares outstanding | 113,782,251 | | | 129,515,114 | | | 117,188,893 | | | 131,672,652 | | Earnings per share | | | | | | | | Basic | $ | 1.18 | | | $ | 0.61 | | | $ | 2.77 | | | $ | 1.27 | | Diluted | $ | 1.17 | | | $ | 0.61 | | | $ | 2.75 | | | $ | 1.27 | | Antidilutive stock options and unvested restricted stock units not included in diluted earnings per share | 1,795,929 | | | 1,666,469 | | | 1,999,768 | | | 2,550,475 | |
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