Schedule of computation of basic and diluted earnings (loss) per share |
| | | | | | | | | | | | | 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. |
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