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Earnings Per Share
 12 Months Ended
Dec. 31, 2019
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 includes 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,

 

 

2019

 

 

2018

 

 

2017

 

Earnings (numerator)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

$

153,250

 

 

$

104,021

 

 

$

(1,805

)

 

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

50,787

 

 

 

49,841

 

 

 

48,824

 

Dilutive effect of stock options and stock awards outstanding

 

1,073

 

 

 

1,094

 

 

 

-

 

Adjusted weighted average common shares outstanding (diluted)

 

51,860

 

 

 

50,935

 

 

 

48,824

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share attributable to common

   stockholders

 

 

 

 

 

 

 

 

 

 

 

Basic

$

3.02

 

 

$

2.09

 

 

$

(0.04

)

Diluted

$

2.96

 

 

$

2.04

 

 

$

(0.04

)

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS

   calculation because their inclusion would be

   anti-dilutive (In thousands)

 

101

 

 

 

1,103

 

 

 

3,508