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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

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

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Earnings (numerator)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

55,374

 

 

$

21,033

 

 

$

94,826

 

 

$

41,201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

44,667

 

 

 

51,527

 

 

 

44,538

 

 

 

51,431

 

Dilutive effect of stock options and stock awards outstanding

 

713

 

 

 

1,042

 

 

 

789

 

 

 

1,086

 

Adjusted weighted average common shares outstanding (diluted)

 

45,380

 

 

 

52,569

 

 

 

45,327

 

 

 

52,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

1.24

 

 

$

0.41

 

 

$

2.13

 

 

$

0.80

 

Diluted

$

1.22

 

 

$

0.40

 

 

$

2.09

 

 

$

0.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS

  calculation because the effect would be anti-dilutive

 

6

 

 

 

8

 

 

 

3

 

 

 

3