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EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2023

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic weighted average number of shares outstanding	36,765		36,647		36,715		36,820
Effect of dilutive securities:

Unvested restricted stock	426		315		434		419
Diluted average shares outstanding	37,191		36,962		37,149		37,239
Net earnings	$	186,836	$	250,084	$	318,137	$	467,338


Basic earnings per share	$	5.08	$	6.82	$	8.67	$	12.69
Diluted earnings per share	$	5.02	$	6.77	$	8.56	$	12.55