Earnings Per Share

12 Months Ended

Dec. 31, 2024

14 Earnings Per Share

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


	Year Ended December 31, 2024
	Net Income		Weighted-Average Shares		Per Share
	(Numerator)		(Denominator)		Amount
Net income per basic common share	$	637,834		59,333	$	10.75
Effect of dilutive stock option, restricted stock, performance stock unit and restricted stock unit securities		—		219		(0.04	)

Net income per diluted common share	$	637,834		59,552	$	10.71


	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

For the years ended December 31, 2024, 2023 and 2022, the Company had 79 thousand, 245 thousand and 66 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.