XML 40 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings Per Common Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 15. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the three months ended March 31 (in thousands, except per share amounts):

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

54,845

 

 

$

71,565

 

Denominator:

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

75,169

 

 

 

71,787

 

Effect of dilutive securities:

 

 

 

 

 

 

Performance and restricted stock awards

 

 

106

 

 

 

143

 

Weighted-average number of common shares outstanding-diluted

 

 

75,275

 

 

 

71,930

 

Earnings per common share:

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

1.00

 

Diluted

 

$

0.73

 

 

$

0.99

 

There were no shares excluded from the calculation because they were antidilutive.