EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):

 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic weighted average number of shares outstanding	36,603		36,569		36,677		36,736
Effect of dilutive securities:
Unvested restricted stock	475		377		432		400
Diluted average shares outstanding	37,078		36,946		37,109		37,136
Net earnings	$	221,760	$	262,489	$	539,897	$	729,827
Basic earnings per share	$	6.06	$	7.18	$	14.72	$	19.87
Diluted earnings per share	$	5.98	$	7.10	$	14.55	$	19.65