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Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following is a computation of basic and diluted earnings per common share for the periods indicated: 

			Three Months Ended												Six Months Ended
(in thousands, except per share data)			June 30, 2023						June 30, 2022						June 30, 2023						June 30, 2022
Net income			$	133,377					$	78,591					$	119,339					$	169,748
Weighted average number of common shares outstanding - basic (1)			207,977						129,306						182,325						129,233
Effect of potentially dilutive common shares (1), (2)			568						367						535						452
Weighted average number of common shares outstanding - diluted (1)			208,545						129,673						182,860						129,685
Earnings per common share:
Basic (1)			$	0.64					$	0.61					$	0.65					$	1.31
Diluted (1)			$	0.64					$	0.61					$	0.65					$	1.31

(1) Prior period has been restated as a result of the adjustment to common shares outstanding based on the Exchange Ratio.

(2) Represents the effect of the assumed vesting of non-participating restricted shares based on the treasury stock method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table represents the weighted average outstanding restricted shares that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:

Three Months Ended

Six Months Ended

(in thousands)

June 30, 2023

June 30, 2022

June 30, 2023

June 30, 2022

Restricted stock awards and units

1,001

—

756

—

X

- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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