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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE M – EARNINGS PER SHARE

​

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:

​

​	​	​	​	​	​	​	​	​	​	​
​		2022			2021			2020
​	​	(in thousands, except share and per share data)
Basic	​	​	​	​	​	​	​	​	​	​
Numerator:	​	​	​	​	​	​	​	​	​	​
Net income	​	$	298,209	​	$	213,521	​	$	71,100	​
Denominator:	​	​	​	​	​	​	​	​	​	​
Weighted-average shares	​		24,585,205	​		25,471,939	​		25,410,232	​
Earnings per common share	​	$	12.13	​	$	8.38	​	$	2.80	​
​	​	​	​	​	​	​	​	​	​	​
Diluted	​	​	​	​	​	​	​	​	​	​
Numerator:	​	​	​	​	​	​	​	​	​	​
Net income	​	$	298,209	​	$	213,521	​	$	71,100	​
Denominator:	​	​	​	​	​	​	​	​	​	​
Weighted-average shares	​		24,585,205	​		25,471,939	​		25,410,232	​
Effect of dilutive securities	​		919,303	​		1,300,187	​		1,012,291	​
Adjusted weighted-average shares and assumed conversions	​		25,504,508	​		26,772,126	​		26,422,523	​
Earnings per common share	​	$	11.69	​	$	7.98	​	$	2.69	​

​

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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