EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income	$	137,331	$	127,823	$	259,262	$	253,853
Denominator (shares in 000's):
Basic weighted average shares outstanding		57,479		58,016		57,537		58,311
Effect of dilutive securities - Stock options and awards		824		672		816		659
Diluted weighted average shares outstanding		58,303		58,688		58,353		58,970
Basic earnings per share	$	2.39	$	2.20	$	4.51	$	4.35
Diluted earnings per share	$	2.36	$	2.18	$	4.44	$	4.30

For the three months ended June 30, 2023 and 2022, common shares subject to equity-based awards of 76 and 62,987, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2023 and 2022, common shares subject to equity-based awards of 115 and 108,497, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.