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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share
16. Net Income Per Common Share
A summary of net income per common share is presented below:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, except per share amounts)2024202320242023
Net income$62,073 $94,131 $193,139 $91,324 
Basic weighted-average common shares outstanding69,356 68,371 69,056 68,062 
Effect of dilutive stock options256 399 246 391 
Effect of dilutive restricted stock989 1,447 1,062 1,504 
Effect of convertible notes— 797 — — 
Diluted weighted-average common shares outstanding70,601 71,014 70,364 69,957 
Basic income per common share$0.89 $1.38 $2.80 $1.34 
Diluted income per common share$0.88 $1.33 $2.74 $1.31 
Antidilutive securities excluded from diluted net income per common share845 349 1,219 389 
Impact of the Convertible Notes
The Company considered whether the Notes are participating securities through the two-class method. Per the terms of the Notes’ agreement, the Company determined that if a cash dividend is paid that is greater than the then stock price, the holder of Notes will receive cash on an if-converted basis. While this feature is considered to be a participating right, basic earnings per share is only impacted if the Company’s earnings exceeds the current share price, regardless of whether such dividend is declared. During the three and six months ended June 30, 2024 and 2023, no such dividend was declared. In addition, the Company is required to settle the principal amount of the Notes in cash upon conversion, and therefore, the Company uses the if-converted method for calculating any potential dilutive effect of the conversion option on diluted net income per share, if applicable, unless the application of the two-class method is dilutive. The conversion option has a dilutive impact on net income per share of Common Stock when the average price per share of the Company's common stock for a given period exceeds the conversion price of the Notes of $79.81 per share.