Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

To calculate diluted EPS, basic EPS is adjusted to include the effect of potentially dilutive stock options outstanding and contingently issuable equity awards. The table below shows our basic and diluted EPS calculations.

	Three Months Ended March 31,
	2024		2023
	(Dollars in thousands, except per share amounts)
Numerator
Net income	$	95,819	$	80,700
Less: distributed earnings allocated to participating securities	(155)		(216)
Less: undistributed earnings allocated to participating securities	(227)		(230)
Net income attributable to common stockholders (numerator for basic earnings per share)	95,437		80,254
Add back: undistributed earnings allocated to participating securities	227		230
Less: undistributed earnings reallocated to participating securities	(222)		(226)
Numerator for diluted earnings per share under two-class method	$	95,442	$	80,258
Denominator
Weighted-average common shares outstanding	74,757,225		72,647,659
Add: dilutive effect of stock options	1,700,720		1,355,303
Add: dilutive effect of contingently issuable equity awards	—		19,027
Denominator for diluted earnings per share under two-class method	76,457,945		74,021,989
Basic Earnings Per Common Share	$	1.28	$	1.10
Diluted Earnings Per Common Share	$	1.25	$	1.08