Earnings Per Share

12 Months Ended

Dec. 31, 2023

15 Earnings Per Share

Basic and diluted EPS calculations are detailed as follows (in thousands, except per share data):


	Year Ended December 31, 2023
	Net Income		Weighted-Average Shares		Per Share
	(Numerator)		(Denominator)		Amount

Net income per basic common share	$	642,234		59,076	$	10.87
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		194		(0.03	)

Net income per diluted common share	$	642,234		59,270	$	10.84


	Year Ended December 31, 2022
	Net Income		Weighted-Average Shares		Per Share
	(Numerator)		(Denominator)		Amount

Net income per basic common share	$	707,755		59,985	$	11.80
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		346		(0.07	)

Net income per diluted common share	$	707,755		60,331	$	11.73


	Year Ended December 31, 2021
	Net Income		Weighted-Average Shares		Per Share
	(Numerator)		(Denominator)		Amount

Net income per basic common share	$	692,843		61,575	$	11.25
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		453		(0.08	)

Net income per diluted common share	$	692,843		62,028	$	11.17

For the year

ended December 31, 2023, 2022 and 2021, the Company had 245 thousand, 66 thousand and 3 thousand stock options that were antidilutive, respectively, due to having higher exercise prices than the Company’s average stock price during the period. These securities were not included in the computation of diluted EPS. The effect of dilutive securities was calculated using the treasury

stock method.