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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2 – Earnings per Share

Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includ

es potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. Earnings per share are computed using the “treasury stock method.”

 

Twelve Months Ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Earnings (numerator)

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

331,283

 

 

$

228,763

 

 

$

98,088

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

45,330

 

 

 

44,772

 

 

 

51,004

 

Dilutive effect of stock options and stock awards outstanding

 

706

 

 

 

1,009

 

 

 

1,129

 

Adjusted weighted average common shares outstanding (diluted)

 

46,036

 

 

 

45,781

 

 

 

52,133

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

Basic

$

7.31

 

 

$

5.11

 

 

$

1.92

 

Diluted

$

7.20

 

 

$

5.00

 

 

$

1.88

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS
   calculation because their inclusion would be
   anti-dilutive

 

82

 

 

 

1

 

 

 

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