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Computation of Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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):

 

 

Second Quarter

 

 

Six Months

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

102,519

 

 

$

91,319

 

 

$

193,214

 

 

$

167,416

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share–weighted
     average common shares

 

 

26,691

 

 

 

26,634

 

 

 

26,682

 

 

 

26,617

 

Dilutive effect of share-based awards

 

 

111

 

 

 

102

 

 

 

116

 

 

 

105

 

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

 

 

26,802

 

 

 

26,736

 

 

 

26,798

 

 

 

26,722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

3.84

 

$

3.43

 

 

$

7.24

 

$

6.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

3.83

 

$

3.42

 

 

$

7.21

 

$

6.27