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Computation of Earnings Per Share (Tables)
9 Months Ended
Sep. 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):

 

 

 

Third Quarter

 

 

Nine Months

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

97,891

 

 

$

79,709

 

 

$

286,560

 

 

$

179,474

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share–weighted
     average common shares

 

 

26,539

 

 

 

26,334

 

 

 

26,506

 

 

 

26,317

 

Dilutive effect of share-based awards

 

 

137

 

 

 

379

 

 

 

157

 

 

 

382

 

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

 

 

26,676

 

 

 

26,713

 

 

 

26,663

 

 

 

26,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

3.69

 

 

$

3.03

 

 

$

10.81

 

 

$

6.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

3.67

 

 

$

2.98

 

 

$

10.75

 

 

$

6.72