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Earnings per Share
3 Months Ended
Mar. 31, 2023
Earnings per Share  
Earnings per Share

15. Earnings per Share

For the three months ended March 31, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 221,000 antidilutive securities. For the three months ended March 31, 2022, the Company made no adjustments to net income for the purposes of computing earnings per share and there were no antidilutive securities. For the three months ended March 31, 2023 and 2022, the computations of basic and diluted earnings per share were as follows:

Three Months Ended March 31, 

(dollars in thousands, except shares and per share amounts)

  

2023

  

2022

Numerator:

Net income

$

66,818

$

57,719

Denominator:

Basic: weighted-average shares outstanding

127,453,820

127,556,242

Add: weighted-average equity-based awards

579,992

564,884

Diluted: weighted-average shares outstanding

128,033,812

128,121,126

Basic earnings per share

$

0.52

$

0.45

Diluted earnings per share

$

0.52

$

0.45