Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net income available to common shareholders	$	40,553	$	65,266	$	216,620	$	183,433
Denominator:
Basic weighted average shares outstanding		108,258,401		108,583,009		108,529,825		108,707,699
Effect of dilutive securities:
Stock appreciation rights and options		38,602		80,256		54,679		72,580
Restricted stock		82,413		39,230		74,614		49,095
Diluted weighted average shares outstanding		108,379,416		108,702,495		108,659,118		108,829,374
Basic earnings per share	$	0.37	$	0.60	$	2.00	$	1.69
Diluted earnings per share	$	0.37	$	0.60	$	1.99	$	1.69

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Stock appreciation rights		70,979		86,250		66,387		95,467
Restricted stock		51,001		—		33,199		69,764