Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of earnings per share and reconciliation of basic and diluted weighted average common shares outstanding

The table below presents the computation of EPS, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except EPS):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	119,098	$	79,525	$	307,565	$	243,551
Weighted average shares outstanding:
Basic	40,123		39,933		40,073		39,750
Effect of dilutive securities:
Stock options and employee stock purchase plan	716		932		776		1,061
Diluted	40,839		40,865		40,849		40,811
Earnings per share:
Basic	$	2.97	$	1.99	$	7.68	$	6.13
Diluted	$	2.92	$	1.95	$	7.53	$	5.97
Anti-dilutive stock options excluded from diluted earnings per share computations	—		—		—		1