Earnings Per Share

9 Months Ended

Sep. 30, 2019

The following table details the reconciliation of basic earnings per share to diluted earnings per share (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator for basic and diluted earnings per share:
Net income	$	40,390	$	38,924	$	99,737	$	115,910
Denominator:
Weighted-average basic common shares outstanding	38,765		38,761		38,614		38,533
Assumed conversion of dilutive securities:
Stock awards	1,515		1,767		1,401		1,812
Denominator for diluted earnings per share - Adjusted weighted-average shares	40,280		40,528		40,015		40,345
Earnings per common share:
Basic	$	1.04	$	1.00	$	2.58	$	3.01
Diluted	$	1.00	$	0.96	$	2.49	$	2.87

For the three and nine months ended September 30, 2019 and September 30, 2018, stock awards representing the right to purchase common stock of approximately 443,000 and 815,000 shares and 350,000 and 734,000 shares, respectively, were not included in the computation of diluted earnings per share because their inclusion would have had an antidilutive effect.