Earnings Per Share |
Earnings Per Share Basic and diluted earnings per share are computed based on the weighted-average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur upon the exercise of stock options or upon the vesting of restricted stock grants, any of which would result in the issuance of common stock that would then share in the net income of the Company. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2023 | | 2022 | | 2023 | | 2022 | Basic earnings per share: | | | | | | | | Net income | $ | 39,793 | | | $ | 42,868 | | | $ | 57,735 | | | $ | 174,416 | | Weighted-average basic shares outstanding | 44,408,997 | | 43,914,920 | | 44,298,798 | | 43,814,648 | Basic earnings per share | $ | 0.89 | | | $ | 0.97 | | | $ | 1.30 | | | $ | 3.98 | | Diluted earnings per share: | | | | | | | | Net income, for diluted earnings per share | $ | 39,793 | | | $ | 42,868 | | | $ | 57,735 | | | $ | 174,416 | | Total weighted-average basic shares outstanding | 44,408,997 | | 43,914,920 | | 44,298,798 | | 43,814,648 | Add effect of dilutive stock options and restricted stock grants | 859,748 | | 882,189 | | 724,941 | | 1,128,784 | Total weighted-average diluted shares outstanding | 45,268,745 | | 44,797,109 | | 45,023,739 | | 44,943,432 | Diluted earnings per share | $ | 0.88 | | | $ | 0.96 | | | $ | 1.28 | | | $ | 3.88 | | Anti-dilutive stock options and restricted shares | 700,768 | | 1,335,254 | | 700,768 | | 1,335,254 |
|