Earnings Per Share Disclosures |
EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | Numerator (in thousands): | | | | | | | | | Net income (Numerator for basic and dilutive earnings per share) | | $ | 58,573 | | | $ | 53,134 | | | $ | 75,626 | | | $ | 80,096 | | Denominator: | | | | | | | | | Basic weighted average shares outstanding | | 23,543,378 | | | 23,533,097 | | | 23,560,977 | | | 23,457,615 | | Effect of dilutive securities: | | | | | | | | | Stock-based compensation units | | 59,933 | | | 75,795 | | | 74,139 | | | 157,591 | | Diluted weighted average shares outstanding | | 23,603,311 | | | 23,608,892 | | | 23,635,116 | | | 23,615,206 | | | | | | | | | | | Basic earnings per share | | $ | 2.49 | | | $ | 2.26 | | | $ | 3.21 | | | $ | 3.41 | | Diluted earnings per share | | $ | 2.48 | | | $ | 2.25 | | | $ | 3.20 | | | $ | 3.39 | | Antidilutive non-vested restricted stock units excluded from calculation of diluted earnings per share | | 3,399 | | | 1,287 | | | 16,972 | | | 9,373 | |
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