Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Net Income Per Common Share

A summary of net income per common share is presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
Net income	$	131,957	$	61,232	$	223,281	$	147,252
Basic weighted-average common shares outstanding	68,436		68,756		68,188		68,482
Effect of dilutive stock options	320		455		366		452
Effect of dilutive restricted stock	1,290		1,864		1,449		1,735
Effect of convertible debt instrument	—		—		265		—
Diluted weighted-average common shares outstanding	70,046		71,075		70,268		70,669
Basic income per common share	$	1.93	$	0.89	$	3.27	$	2.15
Diluted income per common share	$	1.88	$	0.86	$	3.18	$	2.08
Antidilutive securities excluded from diluted net income per common share	435		52		422		226