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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS:

 

Three Months Ended

 

 

Nine Months Ended

 

September 30,

 

 

September 30,

 

2023

 

2022

 

 

2023

 

2022

 

Earnings (numerator)

 

 

 

 

 

Net income attributable to common stockholders

$

48,720

 

$

86,386

 

 

$

201,890

 

$

239,232

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

45,936

 

 

45,475

 

 

 

45,758

 

 

45,283

 

Dilutive effect of stock options and stock awards outstanding

 

384

 

 

539

 

 

 

538

 

 

655

 

Adjusted weighted average common shares outstanding (diluted)

 

46,320

 

 

46,014

 

 

 

46,296

 

 

45,938

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

 

 

Basic

$

1.06

 

 

$

1.90

 

 

$

4.41

 

 

$

5.28

 

Diluted

$

1.05

 

 

$

1.88

 

 

$

4.36

 

 

$

5.21

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS
  calculation because the effect would be anti-dilutive

 

271

 

 

 

104

 

 

 

94

 

 

 

83