| Schedule of Computation of Basic and Diluted Earnings Per Share |
The computation of basic and diluted earnings per share was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | (in thousands, except per share amounts) | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | | | | | | | | | Net income | $ | 105,716 | | | $ | 92,024 | | | $ | 223,861 | | | $ | 229,554 | | | Income allocated to participating securities | (540) | | | (479) | | | (1,135) | | | (1,235) | | | Net income available to common shareholders | $ | 105,176 | | | $ | 91,545 | | | $ | 222,726 | | | $ | 228,319 | | | Denominator: | | | | | | | | | Weighted average shares of common stock outstanding – basic | 46,904 | | | 50,041 | | | 47,979 | | | 50,641 | | | Basic earnings per share | $ | 2.24 | | | $ | 1.83 | | | $ | 4.64 | | | $ | 4.51 | | | | | | | | | | | Numerator: | | | | | | | | | Net income | $ | 105,716 | | | $ | 92,024 | | | $ | 223,861 | | | $ | 229,554 | | | Income allocated to participating securities | (540) | | | (479) | | | (1,135) | | | (1,235) | | | Net income available to common shareholders | $ | 105,176 | | | $ | 91,545 | | | $ | 222,726 | | | $ | 228,319 | | | Denominator: | | | | | | | | | Weighted average shares of common stock outstanding – basic | 46,904 | | | 50,041 | | | 47,979 | | | 50,641 | | | Dilutive effect of stock options, PVRSUs, and RSUs | 454 | | | 430 | | | 363 | | | 413 | | | Weighted average shares of common stock outstanding – diluted | 47,358 | | | 50,471 | | | 48,342 | | | 51,054 | | | Diluted earnings per share | $ | 2.22 | | | $ | 1.81 | | | $ | 4.61 | | | $ | 4.47 | |
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