Computation of Earnings Per Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Computation of Earnings Per Share

(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):

	Second Quarter				Six Months
	2025		2024		2025		2024
Numerator:
Net income	$	71,391	$	102,519	$	121,201	$	193,214
Denominator:
Denominator for basic earnings per share–weighted      average common shares		26,739		26,691		26,730		26,682
Dilutive effect of share-based awards		46		111		52		116
Denominator for diluted earnings per share–adjusted      weighted average common shares		26,785		26,802		26,782		26,798
Basic Earnings Per Share	$	2.67	$	3.84	$	4.53	$	7.24
Diluted Earnings Per Share	$	2.67	$	3.83	$	4.53	$	7.21

For the quarter and six months ended June 30, 2025, there were 13,937 and 11,917 anti-dilutive share-based awards, respectively. For the quarter and six months ended June 30, 2024, there were no anti-dilutive share-based awards.