Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Earnings per share

v3.21.2
Earnings per share
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic Earnings Per Share (“EPS”) is calculated by dividing net income by the weighted average of our ordinary shares outstanding, which excludes 5,254,512 and 2,087,383 shares of unvested restricted stock as of June 30, 2021 and 2020, respectively. For the calculation of diluted EPS, the weighted average of our ordinary shares outstanding for basic EPS is adjusted by the effect of dilutive securities provided under our equity compensation plans. The number of shares excluded from diluted shares outstanding was 152,446 and 985,779 for the three and six months ended June 30, 2021, and 1,160,197 and 247,802 for the three and six months ended June 30, 2020, respectively, because the effect of including these shares in the calculation would have been anti-dilutive.
Basic and diluted EPS for the three and six months ended June 30, 2021 and 2020 were as follows:
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Net income for the computation of basic EPS $ 249,751  $ 246,061  $ 477,776  $ 522,885 
Weighted average ordinary shares outstanding - basic 128,243,450  127,425,886  128,064,564  127,862,816 
Basic EPS $ 1.95  $ 1.93  $ 3.73  $ 4.09 
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Net income for the computation of diluted EPS $ 249,751  $ 246,061  $ 477,776  $ 522,885 
Weighted average ordinary shares outstanding - diluted 129,896,210  128,131,663  129,690,334  128,938,138 
Diluted EPS $ 1.92  $ 1.92  $ 3.68  $ 4.06 
Ordinary shares outstanding, excluding shares of unvested restricted stock, as of June 30, 2021 and December 31, 2020 were as follows:
June 30, 2021 December 31, 2020
Number of ordinary shares
Ordinary shares issued 138,847,345  138,847,345 
Treasury shares (5,468,457) (8,448,807)
Ordinary shares outstanding 133,378,888  130,398,538 
Shares of unvested restricted stock (5,254,512) (2,552,346)
Ordinary shares outstanding, excluding shares of unvested restricted stock 128,124,376  127,846,192