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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
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,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

340,788

 

 

$

281,389

 

 

$

195,960

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

57,707

 

 

 

57,928

 

 

 

57,885

 

Dilutive effect of unvested restricted stock and restricted stock units

 

 

267

 

 

 

247

 

 

 

306

 

Diluted weighted average shares outstanding

 

 

57,974

 

 

 

58,175

 

 

 

58,191

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

5.91

 

 

$

4.86

 

 

$

3.39

 

Diluted

 

$

5.88

 

 

$

4.84

 

 

$

3.37