Earnings Per Share (Notes)

12 Months Ended

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		—