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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:

			Year Ended December 31,
(in thousands, except per share amounts)			2022						2021						2020
Numerator:
Net income			$	332,152					$	288,957					$	75,387
Income allocated to participating securities			(1,881)						(1,125)						(423)
Net income available to common shareholders			$	330,271					$	287,832					$	74,964
Denominator:
Weighted average common shares outstanding - basic			54,595						55,379						55,175
Basic earnings per share			$	6.05					$	5.20					$	1.36
Numerator:
Net income			$	332,152					$	288,957					$	75,387
Income allocated to participating securities			(1,881)						(1,125)						(423)
Net income available to common shareholders			$	330,271					$	287,832					$	74,964
Denominator:
Weighted average common shares outstanding - basic			54,595						55,379						55,175
Diluted effect of stock options and PVRSUs			526						504						354
Weighted average common shares outstanding - diluted			55,121						55,883						55,529
Diluted earnings per share			$	5.99					$	5.15					$	1.35

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:

			Year Ended December 31,
(in thousands)			2022						2021						2020
Stock Options			153						—						155
PVRSUs			—						155						231

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- References

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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