Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

10.EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed in a similar manner to basic earnings per share after assuming the issuance of shares of common stock for all potentially dilutive equity incentive awards.

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 March 31,
	2024		2023
Numerator:
Net income	$	247,187	$	119,296
Denominator:
Basic weighted average shares outstanding		56,546		57,867
Dilutive effect of unvested restricted stock and restricted stock units		6		124
Diluted weighted average shares outstanding		56,552		57,991
Earnings per share:
Basic	$	4.37	$	2.06
Diluted	$	4.37	$	2.06