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Earnings Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2 – Earnings per Share

Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. Earnings per share are computed using the “treasury stock method.”

 

Twelve Months Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

Earnings (numerator)

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

227,182

 

 

$

331,283

 

 

$

228,763

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

45,803

 

 

 

45,330

 

 

 

44,772

 

Dilutive effect of stock options and stock awards outstanding

 

508

 

 

 

706

 

 

 

1,009

 

Adjusted weighted average common shares outstanding (diluted)

 

46,311

 

 

 

46,036

 

 

 

45,781

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

Basic

$

4.96

 

 

$

7.31

 

 

$

5.11

 

Diluted

$

4.91

 

 

$

7.20

 

 

$

5.00

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS
   calculation because their inclusion would be
   anti-dilutive

 

138

 

 

 

82

 

 

 

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