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Earnings Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 2 – Earnings per Share

Earnings per share (“EPS”) is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted EPS is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive.  During the three months ended March 31, 2021 and 2020, we paid no dividends on our Common Stock.

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS:

 

 

Three Months Ended

 

 

March 31,

 

 

2021

 

 

2020

 

Earnings (numerator)

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

39,452

 

 

$

20,168

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

44,408

 

 

 

51,335

 

Dilutive effect of stock options and stock awards outstanding

 

835

 

 

 

1,087

 

Adjusted weighted average common shares outstanding (diluted)

 

45,243

 

 

 

52,422

 

 

 

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

Basic

$

0.89

 

 

$

0.39

 

Diluted

$

0.87

 

 

$

0.38

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS

  calculation because the effect would be anti-dilutive

 

-

 

 

 

58