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Earnings Per Share (Notes) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Income per Share |
10. | Earnings Per Share
Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period, plus the dilutive effect of time-vested and performance-based restricted stock units (“RSUs”). The following table summarizes the net income and the basic and diluted shares used in the earnings per share computations:
| Year Ended December 31,
(in thousands) | 2023 | 2022 | 2021
Net income | $ | 171,382 |  | $ | 179,350 |  | $ | 124,080 |
Weighted average common shares outstanding | 37,807 |  | 38,115 |  | 38,431 |
Incremental shares from assumed time-vested and performance-based RSU awards | 535 |  | 501 |  | 471 |
Adjusted weighted average common shares outstanding | 38,342 |  | 38,616 |  | 38,902 |
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect | 6 |  | 10 |  | — |

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