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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

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

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in thousands, except per share amounts)			2024						2023						2024						2023
Numerator:
Net income			$	87,136					$	84,710					$	118,145					$	137,530
Income allocated to participating securities			(437)						(437)						(597)						(750)
Net income available to common shareholders			$	86,699					$	84,273					$	117,548					$	136,780
Denominator:
Weighted average shares of common stock outstanding – basic			47,741						50,626						48,522						50,946
Basic earnings per share			$	1.82					$	1.66					$	2.42					$	2.68
Numerator:
Net income			$	87,136					$	84,710					$	118,145					$	137,530
Income allocated to participating securities			(437)						(437)						(597)						(750)
Net income available to common shareholders			$	86,699					$	84,273					$	117,548					$	136,780
Denominator:
Weighted average shares of common stock outstanding – basic			47,741						50,626						48,522						50,946
Dilutive effect of stock options, PVRSUs, and RSUs			297						365						317						405
Weighted average shares of common stock outstanding – diluted			48,038						50,991						48,839						51,351
Diluted earnings per share			$	1.80					$	1.65					$	2.41					$	2.66

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in thousands)			2024						2023						2024						2023
Stock options			248						235						231						235
PVRSUs			49						—						49						—

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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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