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Earnings Per Share (Tables)

12 Months Ended

Dec. 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 was as follows:

			Year Ended December 31,
(in thousands, except per share amounts)			2023						2022						2021
Numerator:
Net income			$	258,507					$	332,152					$	288,957
Income allocated to participating securities			(1,379)						(1,881)						(1,125)
Net income available to common shareholders			$	257,128					$	330,271					$	287,832
Denominator:
Weighted average shares of common stock outstanding - basic			50,341						54,595						55,379
Basic earnings per share			$	5.11					$	6.05					$	5.20
Numerator:
Net income			$	258,507					$	332,152					$	288,957
Income allocated to participating securities			(1,379)						(1,881)						(1,125)
Net income available to common shareholders			$	257,128					$	330,271					$	287,832
Denominator:
Weighted average shares of common stock outstanding - basic			50,341						54,595						55,379
Dilutive effect of stock options, PVRSUs, and RSUs			359						526						504
Weighted average shares of common stock outstanding - diluted			50,700						55,121						55,883
Diluted earnings per share			$	5.07					$	5.99					$	5.15

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 because the inclusion of these securities would have an anti-dilutive effect:

			Year Ended December 31,
(in thousands)			2023						2022						2021
Stock options			232						153						—
PVRSUs			71						—						155

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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
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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