EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE N – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:

	2023		2022		2021
	(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations	$	142,164	$	294,648	$	210,459
Net income from discontinued operations		53,269		3,561		3,062
Net income	$	195,433	$	298,209	$	213,521
Denominator:
Weighted-average shares		24,018,801		24,585,205		25,471,939
Basic earnings per common share
Continuing operations	$	5.92	$	11.98	$	8.26
Discontinued operations		2.22		0.14		0.12
Total basic earnings per common share(1)	$	8.14	$	12.13	$	8.38
Diluted
Numerator:
Net income from continuing operations	$	142,164	$	294,648	$	210,459
Net income from discontinued operations		53,269		3,561		3,062
Net income	$	195,433	$	298,209	$	213,521
Denominator:
Weighted-average shares		24,018,801		24,585,205		25,471,939
Effect of dilutive securities		615,816		919,303		1,300,187
Adjusted weighted-average shares and assumed conversions		24,634,617		25,504,508		26,772,126
Diluted earnings per common share
Continuing operations	$	5.77	$	11.55	$	7.86
Discontinued operations		2.16		0.14		0.11
Total diluted earnings per common share(1)	$	7.93	$	11.69	$	7.98

(1) Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.