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Earnings per share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic Earnings Per Share (“EPS”) is calculated by dividing net income by the weighted average of our ordinary shares outstanding, which excludes 4,975,247 and 4,233,182 shares of unvested restricted stock as of June 30, 2024 and 2023, respectively. In general, for the calculation of diluted EPS, the weighted average of our ordinary shares outstanding for basic EPS is adjusted by the effect of dilutive securities provided under our equity compensation plans. The number of shares excluded from diluted shares outstanding was 1,517 and 7,017 for the three and six months ended June 30, 2024, respectively. The number of shares excluded from diluted shares outstanding was 28,890 and nil for the three and six months ended June 30, 2023, respectively.
The computation of basic and diluted EPS for the three and six months ended June 30, 2024 and 2023 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income for the computation of basic EPS$448,166 $492,894 $1,052,380 $924,999 
Weighted average ordinary shares outstanding—basic
192,515,755 231,318,582 194,144,800 235,321,261 
Basic EPS$2.33 $2.13 $5.42 $3.93 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income for the computation of diluted EPS$448,166 $492,894 $1,052,380 $924,999 
Weighted average ordinary shares outstanding—diluted
196,881,272 232,866,512 198,514,778 237,204,222 
Diluted EPS$2.28 $2.12 $5.30 $3.90 
The computations of ordinary shares outstanding, excluding shares of unvested restricted stock, as of June 30, 2024 and December 31, 2023 were as follows:
June 30, 2024December 31, 2023
Number of ordinary shares
Ordinary shares issued204,543,739 215,543,739 
Treasury shares(9,384,417)(13,050,571)
Ordinary shares outstanding195,159,322 202,493,168 
Shares of unvested restricted stock(4,975,247)(4,561,249)
Ordinary shares outstanding, excluding shares of unvested restricted stock190,184,075 197,931,919