Earnings per Share

9 Months Ended

Sep. 30, 2023

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three and nine months ended September 30, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 611,000 and 609,000 antidilutive securities, respectively. For the three and nine months ended September 30, 2022, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and nine months ended September 30, 2023 and 2022, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except shares and per share amounts)	2023		2022		2023		2022
Numerator:
Net income	$	58,221	$	69,018	$	187,481	$	186,097
Denominator:
Basic: weighted-average shares outstanding		127,609,860		127,377,713		127,552,255		127,534,746
Add: weighted-average equity-based awards		326,580		418,904		345,574		461,926
Diluted: weighted-average shares outstanding		127,936,440		127,796,617		127,897,829		127,996,672
Basic earnings per share	$	0.46	$	0.54	$	1.47	$	1.46
Diluted earnings per share	$	0.46	$	0.54	$	1.47	$	1.45