EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2021		2020
Numerator:
Net income	$	74,177	$	55,562
Denominator (shares in 000's):
Basic weighted average shares outstanding		59,642		60,184
Effect of dilutive securities - Stock options and awards		657		615
Diluted weighted average shares outstanding		60,299		60,799
Basic earnings per share	$	1.24	$	0.92
Diluted earnings per share	$	1.23	$	0.91

For the three months ended March 31, 2021 and 2020, common shares subject to equity-based awards of 89,592 and 655,764, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.