EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

The following are computations of basic and diluted earnings per share (in thousands, except for per share amounts):



	For the years ended December 31,
	2019		2018		2017
Numerator for basic and diluted earnings per share:
Net income	$	97,740	$	65,636	$	100,739
Denominator:
Weighted basic shares outstanding	55,845		56,148		57,072
Dilutive effect of equity-based compensation awards	284		192		128
Weighted dilutive shares outstanding	56,129		56,340		57,200

Basic earnings per share	$	1.75	$	1.17	$	1.77
Diluted earnings per share	$	1.74	$	1.16	$	1.76

For the years ended December 31, 2019, 2018 and 2017, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 122,785, 79,390 and 152,831 respectively, of performance stock awards for which the performance criteria were not attained at the time and 16,304, 121,803 and 49,373 respectively, of restricted stock awards and performance stock awards which were excluded as their inclusion would have an antidilutive effect.