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NET INCOME PER COMMON SHARE
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE NET INCOME PER COMMON SHARE
Basic earnings per common share is calculated based on the weighted average number of common shares outstanding during the period, including vested shares deferred under our non-qualified deferred compensation plan. Diluted earnings per common share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net income attributable to common stockholders per common share is determined using net income attributable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts).
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Basic net income attributable to common stockholders per share:
Net income attributable to common stockholders$28,958 $74,328 $47,125 $125,541 
Weighted average common shares outstanding44,896 47,452 45,139 47,610 
Basic net income attributable to common stockholders per share$0.65 $1.57 $1.04 $2.64 
Diluted net income attributable to common stockholders per share:
Net income attributable to common stockholders$28,958 $74,328 $47,125 $125,541 
Weighted average common shares outstanding44,896 47,452 45,139 47,610 
Dilutive stock options and restricted stock469 921 612 1,127 
Diluted weighted average common shares outstanding45,365 48,373 45,751 48,737 
Diluted net income attributable to common stockholders per share$0.64 $1.54 $1.03 $2.58