Annual report pursuant to Section 13 and 15(d)

Common Stock and Earnings Per Share

v3.22.4
Common Stock and Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Common Stock and Earnings Per Share COMMON STOCK AND EARNINGS PER SHARE
Basic earnings per share (“EPS”) are based on the weighted-average number of shares outstanding for each period. Shares that have been repurchased and retired during the periods specified below have been included in the calculation of the number of weighted-average shares that are outstanding for the calculation of basic EPS based on the time they were outstanding in any period. Diluted EPS are based on shares that are outstanding (computed under basic EPS) and on potentially dilutive shares. Shares that are included in the diluted EPS calculations under the treasury stock method include equity awards that are in-the-money but have not yet been exercised.
The following is a reconciliation of the numerator and denominator used to calculate basic EPS and diluted EPS for the periods indicated:
Year Ended
2022 2021 2020
Net earnings available to common shareholders $ 69,350  $ 116,505  $ 124,664 
Weighted average common shares outstanding - basic 19,254  20,146  21,156 
Dilutive effect of in-the-money equity awards 56  197  100 
Weighted average common shares outstanding - diluted 19,310  20,343  21,256 
Earnings per common share from net earnings - basic $ 3.60  $ 5.78  $ 5.89 
Earnings per common share from net earnings - diluted $ 3.59  $ 5.73  $ 5.86 
Equity awards for the following shares were not included in the computation of diluted EPS due to the fact that their effect would be anti-dilutive:
Year Ended
2022 2021 2020
354 60 359
During the years ended 2022, 2021, and 2020, the Company repurchased and retired 288 shares, 1,844 shares, and 785 shares for an aggregate price of $25,382, $177,837, and $57,029, respectively.