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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Reconciliation of Earnings Per Share

The following is a reconciliation of our earnings per share (in thousands, except for per share data):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

30,459

 

 

$

87,325

 

 

$

138,743

 

 

$

277,674

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

31,139

 

 

 

33,145

 

 

 

31,908

 

 

 

33,480

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of restricted stock

 

354

 

 

 

376

 

 

 

300

 

 

 

327

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

31,493

 

 

 

33,521

 

 

 

32,208

 

 

 

33,807

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic

$

0.98

 

 

$

2.63

 

 

$

4.35

 

 

$

8.29

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - diluted

$

0.97

 

 

$

2.61

 

 

$

4.31

 

 

$

8.21