Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
Numerator:
Net income available to common shareholders	$	89,070	$	41,131
Denominator:
Basic weighted average shares outstanding		108,640,168		108,771,958
Effect of dilutive securities:
Stock appreciation rights and options		71,202		70,004
Restricted stock		79,255		74,299
Diluted weighted average shares outstanding		108,790,625		108,916,261
Basic earnings per share	$	0.82	$	0.38
Diluted earnings per share	$	0.82	$	0.38

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,
	2024			2023
Stock appreciation rights		55,132			108,749
Restricted stock		48,597			107,571