The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income, and basic and diluted income per share for the three and nine months ended September 30, 2022 and 2021: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, | | September 30, | (In thousands, except per share amounts) | 2022 | | 2021 | | 2022 | | 2021 | NUMERATOR | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | $ | 131,590 | | | $ | 91,012 | | | $ | 360,267 | | | $ | 283,485 | | DENOMINATOR | | | | | | | | Basic weighted average shares outstanding | 27,618 | | | 29,250 | | | 28,025 | | | 29,179 | | Effect of dilutive securities: | | | | | | | | Stock option awards | 248 | | | 447 | | | 274 | | | 474 | | Deferred compensation awards | 319 | | | 331 | | | 311 | | | 313 | | | | | | | | | | | | | | | | | | Diluted weighted average shares outstanding | 28,185 | | | 30,028 | | | 28,610 | | | 29,966 | | Earnings per common share: | | | | | | | | Basic | $ | 4.76 | | | $ | 3.11 | | | $ | 12.86 | | | $ | 9.72 | | Diluted | $ | 4.67 | | | $ | 3.03 | | | $ | 12.59 | | | $ | 9.46 | | | | | | | | | | Anti-dilutive equity awards not included in the calculation of diluted earnings per common share | 908 | | | 16 | | | 826 | | | 7 | |
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