Stockholders' Equity and Earnings Per Share

3 Months Ended

Mar. 31, 2023

Stockholders' Equity and Earnings Per Share [Abstract]

Stockholders' Equity and Earnings Per Share

Stockholders’ Equity and Earnings Per Share

The following table presents the basic and diluted EPS calculations for the three months ended March 31, 2023 and 2022. For more information on the calculation of EPS, see Note 1 — Summary of Significant Accounting Policies — Significant Accounting Policies — Earnings Per Share to the Consolidated Financial Statements of the Company’s 2022 Form 10-K.

	Three Months Ended March 31,
($ and shares in thousands, except per share data)	2023		2022
Basic:
Net income	$	322,439	$	237,652
Weighted-average number of shares outstanding	141,112		142,025
Basic EPS	$	2.28	$	1.67
Diluted:
Net income	$	322,439	$	237,652
Weighted-average number of shares outstanding	141,112		142,025
Add: Dilutive impact of unvested RSUs	801		1,198
Diluted weighted-average number of shares outstanding	141,913		143,223
Diluted EPS	$	2.27	$	1.66

Approximately 417 thousand and 123 thousand weighted-average shares of anti-dilutive RSUs were excluded from the diluted EPS computations for the three months ended March 31, 2023 and 2022, respectively.