Earnings Per Share Disclosures |
EARNINGS PER SHAREThe following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2021 | | 2020 | | 2021 | | 2020 | Numerator (in thousands): | | | | | | | | | Net income (Numerator for basic and dilutive earnings per share) | | $ | 118,134 | | | $ | 55,624 | | | $ | 217,792 | | | $ | 98,463 | | Denominator: | | | | | | | | | Basic weighted average shares outstanding | | 24,844,644 | | | 25,074,826 | | | 24,897,462 | | | 25,198,952 | | Effect of dilutive securities: | | | | | | | | | Stock-based compensation units | | 217,168 | | | 78,250 | | | 241,229 | | | 167,154 | | Diluted weighted average shares outstanding | | 25,061,812 | | | 25,153,076 | | | 25,138,691 | | | 25,366,106 | | | | | | | | | | | Basic earnings per share | | $ | 4.75 | | | $ | 2.22 | | | $ | 8.75 | | | $ | 3.91 | | Diluted earnings per share | | $ | 4.71 | | | $ | 2.21 | | | $ | 8.66 | | | $ | 3.88 | | Antidilutive non-vested restricted stock units excluded from calculation of diluted earnings per share | | 835 | | | 2,267 | | | 8,043 | | | 9,808 | |
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