Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Net income available to common shareholders	$	73,795	$	42,710	$	183,705	$	132,331
Denominator:
Basic weighted average shares outstanding		115,344,015		115,773,030		115,455,543		115,921,463
Effect of dilutive securities:
Stock appreciation rights and options		171,514		202,113		190,680		187,767
Restricted stock		110,231		159,480		121,203		171,577
Diluted weighted average shares outstanding		115,625,760		116,134,623		115,767,426		116,280,807
Basic earnings per share	$	0.64	$	0.37	$	1.59	$	1.14
Diluted earnings per share	$	0.64	$	0.37	$	1.59	$	1.14

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Stock appreciation rights		14,409		390		12,206		19,415
Restricted stock		1,844		—		8,308		—