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Computation of Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Earnings Per Share . Computation of Earnings Per Share

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

 

 

 

For The Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

357,422

 

 

$

253,235

 

 

$

138,340

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share–weighted
     average common shares

 

 

26,520

 

 

 

26,322

 

 

 

26,140

 

Dilutive effect of share-based awards

 

 

154

 

 

 

385

 

 

 

452

 

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

 

 

26,674

 

 

 

26,707

 

 

 

26,592

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

13.48

 

 

$

9.62

 

 

$

5.29

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

13.40

 

 

$

9.48

 

 

$

5.20

 

 

In 2022, there were 22,237 anti-dilutive options or restricted stock. In 2021, there were 19,386 anti-dilutive options or restricted stock.