Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:

	Year Ended December 31,
(in thousands, except per share amounts)	2021		2020		2019
Numerator:
Net income	$	288,957	$	75,387	$	222,878
Income allocated to participating securities	(1,125)		(423)		(1,352)
Net income available to common shareholders	$	287,832	$	74,964	$	221,526
Denominator:
Weighted average common shares outstanding - basic	55,379		55,175		55,358
Basic earnings per share	$	5.20	$	1.36	$	4.00
Numerator:
Net income	$	288,957	$	75,387	$	222,878
Income allocated to participating securities	(1,125)		(423)		(1,346)
Net income available to common shareholders	$	287,832	$	74,964	$	221,532
Denominator:
Weighted average common shares outstanding - basic	55,379		55,175		55,358
Diluted effect of stock options and PVRSUs	504		354		310
Weighted average common shares outstanding - diluted	55,883		55,529		55,668
Diluted earnings per share	$	5.15	$	1.35	$	3.98

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:

	Year Ended December 31,
(in thousands)	2021	2020	2019
Stock Options	—	155	—
PVRSUs	155	231	168