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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2024
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 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