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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023 |  |
Net income | $ | 120,144 |  |  | $ | 133,377 |  |  | $ | 244,224 |  |  | $ | 119,339 |  |  |
Weighted average number of common shares outstanding - basic | 208,498 |  |  | 207,977 |  |  | 208,379 |  |  | 182,325 |  |  |
Effect of potentially dilutive common shares (1) | 513 |  |  | 568 |  |  | 620 |  |  | 535 |  |  |
Weighted average number of common shares outstanding - diluted | 209,011 |  |  | 208,545 |  |  | 208,999 |  |  | 182,860 |  |  |
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.58 |  |  | $ | 0.64 |  |  | $ | 1.17 |  |  | $ | 0.65 |  |  |
Diluted | $ | 0.57 |  |  | $ | 0.64 |  |  | $ | 1.17 |  |  | $ | 0.65 |  |  |
(1) 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, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023 |  |
Restricted stock awards and units | 571 |  | 1,001 |  | 588 |  | 756 |  |

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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 + Details
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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 + Details
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