Net Income per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

Basic and diluted net income per share was calculated as follows (in thousands, except per share data):

	For the three months ended September 30,				For the nine months ended September 30,
	2024		2023		2024		2023
Numerator:
Net income	$	41,766	$	85,382	$	249,467	$	349,753
Denominator:
Weighted-average shares used to compute net income per share—basic	52,330		52,019		52,167		51,958
Dilutive restrictive stock awards	64		92		54		70
Weighted-average shares used to compute net income per share—diluted	52,394		52,111		52,221		52,028
Net income per share—basic	$	0.80	$	1.64	$	4.78	$	6.73
Net income per share—diluted	$	0.80	$	1.64	$	4.78	$	6.72