Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.22.1
Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Net Income Per Share  
Schedule of basic and diluted income per share

Basic and diluted net income per share were computed as follows:

Three Months Ended March 31, 

2022

2021

Net income (in thousands) - basic and diluted

$

114,711

$

59,842

Weighted average number of common shares outstanding - basic

32,738,525

32,826,515

Dilutive effect of common stock equivalents:

RSAs with service-based conditions

15,127

35,619

RSAs with market-based conditions

100,158

147,098

RSAs with performance-based conditions

64,025

49,020

Stock options

124,655

144,311

Weighted average number of common shares outstanding - diluted

33,042,490

33,202,563

Basic net income per common share

$

3.50

$

1.82

Diluted net income per common share

$

3.47

$

1.80

Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive

The following table summarizes shares excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive:

Three Months Ended March 31, 

2022

 

2021

Anti-dilutive common stock equivalents:

RSAs with service-based conditions

10,244

2,831

RSAs with market-based conditions

382

5,512

RSAs with performance-based conditions

7,908

Stock options

16,587

11,766

Total anti-dilutive common stock equivalents

35,121

20,109