| Calculation Of Basic And Diluted Earnings Per Common Share |
The following tables summarize our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three and six months ended June 30, 2024 and 2023 (in thousands, except share and per share data): | | | | | | | | | | | | | For the three months ended June 30, | | | 2024 | | 2023 | | Numerator: | | | | Net income | $ | 247,572 | | | $ | 140,595 | | | Denominator: | | | | | Weighted average shares outstanding used to compute basic earnings per common share | 46,972,032 | | | 47,393,493 | | | Effect of dilutive securities—Share-based awards | 187,628 | | | 195,176 | | | Shares used to compute diluted earnings per common share | 47,159,660 | | | 47,588,669 | | | | | | | Basic earnings per common share | $ | 5.27 | | | $ | 2.97 | | | | | | | Diluted earnings per common share | $ | 5.25 | | | $ | 2.95 | |
| | | | | | | | | | | | | For the six months ended June 30, | | | 2024 | | 2023 | | Numerator: | | | | Net income | $ | 444,721 | | | $ | 252,068 | | | Denominator: | | | | | Weighted average shares outstanding used to compute basic earnings per common share | 47,053,768 | | | 47,584,656 | | | Effect of dilutive securities—Share-based awards | 182,970 | | | 182,586 | | | Shares used to compute diluted earnings per common share | 47,236,738 | | | 47,767,242 | | | | | | | Basic earnings per common share | $ | 9.45 | | | $ | 5.30 | | | | | | | Diluted earnings per common share | $ | 9.41 | | | $ | 5.28 | |
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