XML 24 R14.htm IDEA: XBRL DOCUMENT v3.24.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2024
EARNINGS PER SHARE  
EARNINGS PER SHARE

6.    EARNINGS PER SHARE

Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. In addition, the Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and are therefore considered participating securities. The following table shows the restricted shares of common stock (participating securities) outstanding and a reconciliation of outstanding weighted average shares:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Nine months ended

​

​

​

September 30, 

​

September 30, 

​

(in thousands)

    

2024

    

2023

    

2024

    

2023

​

Net income available for stockholders

​

$

18,796

​

$

18,317

​

$

78,682

​

$

154,854

​

Less: Adjustments for earnings attributable to participating securities

​

​

(308)

​

​

(279)

​

​

(1,219)

​

​

(2,477)

​

Net income used in calculating earnings per share

​

$

18,488

​

$

18,038

​

$

77,463

​

$

152,377

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted average shares outstanding (including participating securities)

​

 

214,976

​

 

216,333

​

 

214,940

​

 

216,631

​

Adjustment for participating securities

​

 

(3,728)

​

 

(3,543)

​

 

(3,341)

​

 

(3,549)

​

Shares used in calculating basic and diluted earnings per share

​

 

211,248

​

 

212,790

​

 

211,599

​

 

213,082

​

​