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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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												Nine Months Ended
(in thousands, except per share data)			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
Net income			$	146,182					$	135,845					$	390,406					$	255,184
Weighted average number of common shares outstanding - basic			208,545						208,070						208,435						190,997
Effect of potentially dilutive common shares (1)			909						575						702						549
Weighted average number of common shares outstanding - diluted			209,454						208,645						209,137						191,546
Earnings per common share:
Basic			$	0.70					$	0.65					$	1.87					$	1.34
Diluted			$	0.70					$	0.65					$	1.87					$	1.33

(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

Nine Months Ended

(in thousands)

September 30, 2024

September 30, 2023

September 30, 2024

September 30, 2023

Restricted stock awards and units

18

878

327

749

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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