Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2024

Computation of Net Income Per Share, Basic and Diluted

The following table sets forth the computation of net income per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic:
Net income	$	13,699	$	88,469	$	12,780	$	144,618
Less income allocated to participating securities	(333)		(3,660)		(618)		(4,663)
Net income attributable to common stock	$	13,366	$	84,809	$	12,162	$	139,955
Earnings per share, basic	$	0.75	$	4.80	$	0.69	$	7.85
Weighted-average shares outstanding	17,828		17,677		17,746		17,840
Diluted:
Net income	$	13,699	$	88,469	$	12,780	$	144,618
Less income allocated to participating securities	(333)		(3,659)		(618)		(4,657)
Net income attributable to common stock	$	13,366	$	84,810	$	12,162	$	139,961
Earnings per share, diluted	$	0.75	$	4.80	$	0.68	$	7.84
Weighted-average shares outstanding	17,828		17,677		17,746		17,840
Dilutive effect of restricted stock	78		211		195		168
Adjusted weighted-average shares outstanding under treasury stock method	17,906		17,888		17,941		18,008
Participating securities excluded under two-class method	(37)		(205)		(105)		(147)
Adjusted weighted-average shares outstanding under two-class method	17,869		17,683		17,836		17,861