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Income Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Income Per Common Share

2. INCOME PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

 

(Amounts in thousands, except per share data)

 

Net income

 

$

110,426

 

 

 

 

 

$

124,694

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

93,706

 

 

$

1.18

 

 

 

91,207

 

 

$

1.37

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

93,706

 

 

$

1.18

 

 

 

91,207

 

 

$

1.37

 

There were no stock options outstanding at March 31, 2024 or exercisable during the three months ended March 31, 2024 or 2023 that would have had an anti-dilutive effect on the above computation.