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Income Per Common Share
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

 

(Amounts in thousands, except per share data)

 

Net income

 

$

111,602

 

 

 

 

 

$

86,938

 

 

 

 

 

$

222,028

 

 

 

 

 

$

211,632

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

95,765

 

 

$

1.17

 

 

 

92,930

 

 

$

0.94

 

 

 

94,735

 

 

$

2.34

 

 

 

92,073

 

 

$

2.30

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

95,765

 

 

$

1.17

 

 

 

92,930

 

 

$

0.94

 

 

 

94,735

 

 

$

2.34

 

 

 

92,073

 

 

$

2.30

 

There were no stock options outstanding at June 30, 2024 or exercisable during the three and six months ended June 30, 2024 or 2023 that would have had an anti-dilutive effect on the above computation.