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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Common Share | The computation of basic and diluted earnings per share of common stock is as follows:
| Three Months Ended |  |
| March 31, |  |
(in thousands, except per share amounts) | 2023 |  | 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,820 |  |  | $ | 67,391 |  |  |  |  |
Income allocated to participating securities | (272) |  |  | (324) |  |  |  |  |
Net income available to common shareholders | $ | 52,548 |  |  | $ | 67,067 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares of common stock outstanding – basic | 51,269 |  |  | 55,412 |  |  |  |  |
Basic earnings per share | $ | 1.02 |  |  | $ | 1.21 |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,820 |  |  | $ | 67,391 |  |  |  |  |
Income allocated to participating securities | (272) |  |  | (324) |  |  |  |  |
Net income available to common shareholders | $ | 52,548 |  |  | $ | 67,067 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares of common stock outstanding – basic | 51,269 |  |  | 55,412 |  |  |  |  |
Dilutive effect of stock options and PVRSUs | 445 |  |  | 642 |  |  |  |  |
Weighted average shares of common stock outstanding – diluted | 51,714 |  |  | 56,054 |  |  |  |  |
Diluted earnings per share | $ | 1.02 |  |  | $ | 1.20 |  |  |  |  |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following securities have been excluded from the calculation of diluted weighted average shares of common stock outstanding as the inclusion of these securities would have an anti-dilutive effect:
| Three Months Ended |  |
| March 31, |  |
(in thousands) | 2023 |  | 2022 |  |  |  |
Stock options | 240 |  |  | 156 |  |  |  |  |
PVRSUs | — |  |  | 76 |  |  |  |  |

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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 + Details
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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 + Details
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