Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income available to common shareholders	$	77,036	$	88,916	$	118,167	$	160,127
Denominator:
Basic weighted average shares outstanding		108,770,204		113,099,561		108,771,077		113,864,741
Effect of dilutive securities:
Stock appreciation rights and options		67,479		96,179		68,742		110,253
Restricted stock		33,757		63,774		54,029		77,453
Diluted weighted average shares outstanding		108,871,440		113,259,514		108,893,848		114,052,447
Basic earnings per share	$	0.71	$	0.79	$	1.09	$	1.41
Diluted earnings per share	$	0.71	$	0.79	$	1.09	$	1.40

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Stock appreciation rights		91,402		47,303		100,076		38,789
Restricted stock		101,722		63,131		104,646		38,823