EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

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


	For the years ended December 31,
	2021		2020		2019
Numerator for basic and diluted earnings per share:
Net income	$	203,247	$	134,837	$	97,740
Denominator:
Weighted basic shares outstanding	54,514		55,479		55,845
Dilutive effect of equity-based compensation awards	247		211		284
Weighted dilutive shares outstanding	54,761		55,690		56,129

Basic earnings per share	$	3.73	$	2.43	$	1.75
Diluted earnings per share	$	3.71	$	2.42	$	1.74

For the years ended December 31, 2021, 2020 and 2019, all then outstanding performance awards and restricted stock awards were included in the calculation of diluted earnings per share except for 14,237, 53,667 and 122,785 respectively, of performance stock awards for which the performance criteria were not attained at the reporting dates and 67,981, 8,878 and 16,304 respectively, of restricted stock awards and performance stock awards which were excluded as their inclusion would have had an antidilutive effect.