Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 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):

	Year Ended December 31,
	2024		2023		2022
Numerator:
Net income	$	226,392	$	205,384	$	184,626
Denominator:
Basic weighted average shares outstanding		108,191,635		108,680,459		111,710,676
Effect of dilutive securities:
Stock appreciation rights		51,097		71,406		94,859
Restricted stock		79,844		57,538		74,953
Diluted weighted average shares outstanding		108,322,576		108,809,403		111,880,488
Basic earnings per share	$	2.09	$	1.89	$	1.65
Diluted earnings per share	$	2.09	$	1.89	$	1.65

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:

	Year Ended December 31,
	2024		2023		2022
Restricted stock		35,575		52,323		48,851
Stock appreciation rights		67,017		93,163		52,107