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Computation of Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
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):

 

 

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