Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
Numerator:
Net income	$	92,024	$	103,080	$	229,554	$	276,639
Income allocated to participating securities	(479)		(614)		(1,235)		(1,526)
Net income available to common shareholders	$	91,545	$	102,466	$	228,319	$	275,113
Denominator:
Weighted average shares of common stock outstanding – basic	50,041		54,847		50,641		55,233
Basic earnings per share	$	1.83	$	1.87	$	4.51	$	4.98
Numerator:
Net income	$	92,024	$	103,080	$	229,554	$	276,639
Income allocated to participating securities	(479)		(614)		(1,235)		(1,526)
Net income available to common shareholders	$	91,545	$	102,466	$	228,319	$	275,113
Denominator:
Weighted average shares of common stock outstanding – basic	50,041		54,847		50,641		55,233
Dilutive effect of stock options, PVRSUs, and RSUs	430		395		413		520
Weighted average shares of common stock outstanding – diluted	50,471		55,242		51,054		55,753
Diluted earnings per share	$	1.81	$	1.85	$	4.47	$	4.93

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(in thousands)	2023	2022	2023	2022
Stock options	150	170	233	154
PVRSUs	—	75	—	75