Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Numerator:
Net income available to common shareholders	$	14,423	$	73,795	$	174,549	$	183,705
Denominator:
Basic weighted average shares outstanding		110,140,496		115,344,015		112,609,684		115,455,543
Effect of dilutive securities:
Stock appreciation rights and options		85,396		171,514		101,967		190,680
Restricted stock		74,125		110,231		76,343		121,203
Diluted weighted average shares outstanding		110,300,017		115,625,760		112,787,994		115,767,426
Basic earnings per share	$	0.13	$	0.64	$	1.55	$	1.59
Diluted earnings per share	$	0.13	$	0.64	$	1.55	$	1.59

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,
	2022		2021		2022		2021
Stock appreciation rights		47,303		14,409		41,627		12,206
Restricted stock		68,008		1,844		48,552		8,308