Basic and Diluted Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2023			2022		2023			2022
	(in thousands, except per share data)					(in thousands, except per share data)
Net income	$	49,421		$	29,674	$	127,832		$	91,091
Earnings per share:
Basic	$	0.80		$	0.47	$	2.07		$	1.45
Effect of CESs		(0.01	)		-		(0.02	)		(0.02	)
Diluted	$	0.79		$	0.47	$	2.05		$	1.43
Weighted average number of shares:
Basic		61,639			62,592		61,902			62,917
Effect of CESs		671			573		599			566
Diluted		62,310			63,165		62,501			63,483