Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Net Income (Loss) 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)	2024		2023		2024		2023
Net income	$	62,073	$	94,131	$	193,139	$	91,324
Basic weighted-average common shares outstanding	69,356		68,371		69,056		68,062
Effect of dilutive stock options	256		399		246		391
Effect of dilutive restricted stock	989		1,447		1,062		1,504
Effect of convertible notes	—		797		—		—
Diluted weighted-average common shares outstanding	70,601		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 share	845		349		1,219		389