Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings per Common Share

Schedule of Weighted Average Number of Shares

		Three Months Ended March 31,
		2023		2022
(In Thousands)
Net income attributable to common shares	$	198,108	$	271,872
Adjustment of interest expense attributable to Convertible Notes		108		2,309
Diluted net income attributable to common stockholders		198,216		274,181
Basic weighted average shares outstanding		17,924		15,448
Effect of dilutive securities		1,524		1,651
Convertible Notes (a)		336		4,172
Diluted weighted average shares outstanding		19,784		21,271

(a) Diluted weighted average common shares outstanding includes the dilutive effect had the Company's Convertible Notes been converted at the beginning of the year ended December 31, 2023. If converted by the holder, the Company may settle in cash, shares of the Company's common stock or a combination thereof, at the Company's election. The Capped Call Transaction is anti-dilutive and is excluded from the calculation of diluted earnings per share.