XML 42 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings and diluted earnings per share data were computed as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
Numerator for basic and diluted earnings per share:
 
 
 
 
 
Net income
$
146,527

 
$
147,462

 
$
169,571

Denominator:
 

 
 

 
 

Weighted-average basic common shares outstanding
38,640

 
38,445

 
37,273

Assumed conversion of dilutive securities:
 
 
 
 
 
Stock options
1,465

 
1,678

 
1,973

Denominator for diluted earnings per share
   - Adjusted weighted-average shares
40,105

 
40,123

 
39,246

Earnings per common share:
 

 
 

 
 

Basic
$
3.79

 
$
3.84

 
$
4.55

Diluted
$
3.65

 
$
3.68

 
$
4.32


Share-based awards representing the right to purchase common stock of 633,000 shares in 2019, 888,000 shares in 2018, and 1,343,000 shares in 2017 were not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.