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Net Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Earnings Per Share | Net Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock units (“RSUs”) and certain shares underlying the Convertible Notes and the warrants relating to the Call Spread Transactions, as applicable. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net earnings | $ | 87,444 |  |  | $ | 80,482 |  |  | $ | 154,471 |  |  | $ | 130,454 |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute basic EPS | 32,565 |  |  | 33,101 |  |  | 32,580 |  |  | 33,403 |
Dilutive potential common shares due to dilutive RSUs, net of tax effect | 275 |  |  | 234 |  |  | 312 |  |  | 275 |
Dilutive potential common shares due to the Convertible Notes | 3,322 |  |  | 2,516 |  |  | 3,275 |  |  | 2,413 |
Dilutive potential common shares due to the Warrants | 2,405 |  |  | 1,188 |  |  | 2,334 |  |  | 1,032 |
Weighted average shares used to compute diluted EPS | 38,567 |  |  | 37,039 |  |  | 38,501 |  |  | 37,123 |
Net earnings per share: |  |  |  |  |  |  |
Basic | $ | 2.69 |  |  | $ | 2.43 |  |  | $ | 4.74 |  |  | $ | 3.91 |
Diluted | $ | 2.27 |  |  | $ | 2.17 |  |  | $ | 4.01 |  |  | $ | 3.51 |
For the three and six months ended June 30, 2024, 4,182 and 14,672, respectively, of our RSUs were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2023, 67,000 and 76,000, respectively, of our RSUs were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

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