XML 25 R14.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Calculation of Basic and Diluted Earnings per Common Share
The following table summarizes our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three months ended March 31, 2023 and 2022 (in thousands, except share and per share data):
For the three months ended
March 31,
 20232022
Numerator:
Net income$111,473 $73,386 
Denominator:
Weighted average shares outstanding used to compute basic earnings per common share47,775,819 52,713,005 
Effect of dilutive securities—Share-based awards169,996 203,554 
Shares used to compute diluted earnings per common share47,945,815 52,916,559 
Basic earnings per common share$2.33 $1.39 
Diluted earnings per common share$2.32 $1.39 
There were no anti-dilutive share-based awards for the three months ended March 31, 2023. However, the number of share-based awards excluded from the computation of diluted EPS for the three months ended March 31, 2022 because they would be anti-dilutive was 62,481.