Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023		2022
Numerator:
Net income available to common shareholders	$	41,131	$	71,211
Denominator:
Basic weighted average shares outstanding		108,771,958		114,638,424
Effect of dilutive securities:
Stock appreciation rights and options		70,004		124,327
Restricted stock		74,299		91,130
Diluted weighted average shares outstanding		108,916,261		114,853,881
Basic earnings per share	$	0.38	$	0.62
Diluted earnings per share	$	0.38	$	0.62

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 March 31,
	2023		2022
Stock appreciation rights		108,749		31,006
Restricted stock		107,571		52,278