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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

281,389

 

 

$

195,960

 

 

$

143,453

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

57,928

 

 

 

57,885

 

 

 

57,620

 

Dilutive effect of unvested restricted stock

 

 

247

 

 

 

306

 

 

 

665

 

Diluted weighted average shares outstanding

 

 

58,175

 

 

 

58,191

 

 

 

58,285

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

4.86

 

 

$

3.39

 

 

$

2.49

 

Diluted

 

$

4.84

 

 

$

3.37

 

 

$

2.46