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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 13. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the three months ended March 31 (in thousands, except per share amounts):

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net income

 

$

71,495

 

 

$

54,845

 

Denominator:

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

78,161

 

 

 

75,169

 

Effect of dilutive securities:

 

 

 

 

 

 

Performance and restricted stock awards

 

 

50

 

 

 

106

 

Weighted-average number of common shares outstanding-diluted

 

 

78,211

 

 

 

75,275

 

Earnings per common share:

 

 

 

 

 

 

Basic

 

$

0.91

 

 

$

0.73

 

Diluted

 

$

0.91

 

 

$

0.73

 

There were no shares excluded from the calculation because they were antidilutive.