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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic weighted-average shares outstanding

 

 

80,132

 

 

 

71,486

 

 

 

80,102

 

 

 

70,171

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

182

 

 

 

111

 

 

 

137

 

 

 

104

 

Restricted stock units

 

 

65

 

 

 

35

 

 

 

40

 

 

 

33

 

Diluted weighted-average shares outstanding

 

 

80,379

 

 

 

71,632

 

 

 

80,279

 

 

 

70,308