v3.24.2
EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the assumed conversion of all dilutive securities, including, when applicable, restricted stock units (“RSUs”), performance stock units (“PSUs”) and performance stock options (“PSOs”).
The following table presents the computation of basic and diluted EPS:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, except per share data)2024202320242023
Net income$266,758 $246,825 $522,712 $485,553 
Basic weighted average common shares outstanding79,085 79,592 79,140 79,815 
Effect of dilutive securities:
PSUs, RSUs and PSOs160 313 237 378 
Diluted weighted average common shares outstanding79,245 79,905 79,377 80,193 
Earnings per common share:
Basic$3.37 $3.10 $6.60 $6.08 
Diluted$3.37 $3.09 $6.59 $6.05