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Computation of Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Summary of Calculation of Basic Earnings Per Common Share and Diluted Earnings Per Common Share

The calculation of basic earnings per common share and diluted earnings per common share was as follows (in thousands, except per share amounts):

 

 

 

Second Quarter

 

 

Six Months

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

109,245

 

 

$

62,474

 

 

$

188,669

 

 

$

99,765

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share–weighted
     average common shares

 

 

26,507

 

 

 

26,332

 

 

 

26,489

 

 

 

26,309

 

Dilutive effect of share-based awards

 

 

158

 

 

 

372

 

 

 

173

 

 

 

378

 

Denominator for diluted earnings per share–adjusted
     weighted average common shares

 

 

26,665

 

 

 

26,704

 

 

 

26,662

 

 

 

26,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

4.12

 

 

$

2.37

 

 

$

7.12

 

 

$

3.79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

4.10

 

 

$

2.34

 

 

$

7.08

 

 

$

3.74