Note 3 - Earnings Per Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

3 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information):

	Three Months Ended March 31,
	2024		2023
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	71,608	$	90,455
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		78,483		82,150
Effect of dilutive securities–
Employee and director stock options and restricted share awards		2,971		2,696
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		81,454		84,846
Basic earnings per common share	$	0.91	$	1.10
Diluted earnings per common share and common share equivalents	$	0.88	$	1.07

Options to purchase shares of common stock that were outstanding for the three months ended March 31, 2024 and 2023 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Weighted average anti-dilutive options		317		1,279