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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

The following is a reconciliation of net income and the shares of common stock used in the computation of basic and diluted earnings per share:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

52,153

 

 

$

30,379

 

 

$

201,438

 

 

$

147,273

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

57,865

 

 

 

57,935

 

 

 

57,949

 

 

 

57,843

 

Dilutive effect of unvested restricted stock

 

 

168

 

 

 

255

 

 

 

244

 

 

 

349

 

Diluted weighted average shares outstanding

 

 

58,033

 

 

 

58,190

 

 

 

58,193

 

 

 

58,192

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.90

 

 

$

0.52

 

 

$

3.48

 

 

$

2.55

 

Diluted

 

$

0.90

 

 

$

0.52

 

 

$

3.46

 

 

$

2.53