Computation of Earnings Per Share

3 Months Ended

Mar. 31, 2024

(2) Computation of Earnings Per Share

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


	First Quarter
	2024		2023
Numerator:
Net income	$	90,695	$	76,097
Denominator:
Denominator for basic earnings per share–weighted average common shares		26,672		26,600
Dilutive effect of share-based awards		122		102
Denominator for diluted earnings per share–adjusted weighted average common shares		26,794		26,702

Basic Earnings Per Share	$	3.40	$	2.86

Diluted Earnings Per Share	$	3.38	$	2.85

For the quarter ended March 31, 2024, there were no anti-dilutive shares of common stock that were excluded from the calculation of diluted earnings per share. For the quarter ended March 31, 2023, options and restricted stock for 29,120 shares of common stock were excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.