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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Calculation of Basic and Diluted Earnings per Common Share The following tables summarize our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three and six months ended June 30, 2024 and 2023 (in thousands, except share and per share data):
| For the three months ended June 30,
| 2024 |  | 2023
Numerator: |  |  |
Net income | $ | 247,572 |  |  | $ | 140,595 |
Denominator: |  |  |
Weighted average shares outstanding used to compute basic earnings per common share | 46,972,032 |  |  | 47,393,493 |
Effect of dilutive securities—Share-based awards | 187,628 |  |  | 195,176 |
Shares used to compute diluted earnings per common share | 47,159,660 |  |  | 47,588,669 |
Basic earnings per common share | $ | 5.27 |  |  | $ | 2.97 |
Diluted earnings per common share | $ | 5.25 |  |  | $ | 2.95 |
| For the six months ended June 30,
| 2024 |  | 2023
Numerator: |  |  |
Net income | $ | 444,721 |  |  | $ | 252,068 |
Denominator: |  |  |
Weighted average shares outstanding used to compute basic earnings per common share | 47,053,768 |  |  | 47,584,656 |
Effect of dilutive securities—Share-based awards | 182,970 |  |  | 182,586 |
Shares used to compute diluted earnings per common share | 47,236,738 |  |  | 47,767,242 |
Basic earnings per common share | $ | 9.45 |  |  | $ | 5.30 |
Diluted earnings per common share | $ | 9.41 |  |  | $ | 5.28 |
The number of share-based awards excluded from the computation of diluted EPS for the three and six months ended June 30, 2024 because they would be anti-dilutive were 5,200 and 9,399, respectively. The number of share-based awards excluded from the computation of diluted EPS for the three and six months ended June 30, 2023 because they would be anti-dilutive were 8,726 and 9,026, respectively.

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