The following table sets forth the reconciliation of basic earnings per share and diluted earnings per share from net income for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
(in thousands except per share amounts)	2024		2023
Net income	$	55,691	$	49,273
Shares:
Basic: Weighted average number of shares outstanding		64,389		67,288
Plus: Incremental shares from assumed conversion of dilutive instruments		1,583		2,439
Diluted: Weighted average number of shares outstanding		65,972		69,727
Earnings per share
Basic:	$	0.86	$	0.73
Diluted:	$	0.84	$	0.71

For the three months ended March 31, 2024, 0.5 million of unvested share-based compensation awards were excluded from the computation of weighted average shares for diluted earnings per share because the effect would be anti-dilutive (2023: 0). Holders of unvested share-based compensation awards do not have rights to receive nonforfeitable dividends on the shares covered by the awards.