Earnings Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

			Net Income
For the Three Months Ended September 30,		Income		Shares	Earnings per Share
2023
	Earnings	$	74,958	15,075	$	4.97
	Dilutive stock options		-	82
	Nonvested stock awards		-	43
	Diluted earnings	$	74,958	15,200	$	4.93
2022
	Earnings	$	56,873	14,888	$	3.82
	Dilutive stock options		-	118
	Nonvested stock awards		-	36
	Diluted earnings	$	56,873	15,042	$	3.78

			Net Income
For the Nine Months Ended September 30,		Income		Shares	Earnings per Share
2023
	Earnings	$	182,456	15,034	$	12.14
	Dilutive stock options		-	98
	Nonvested stock awards		-	46
	Diluted earnings	$	182,456	15,178	$	12.02
2022
	Earnings	$	187,498	14,935	$	12.55
	Dilutive stock options		-	140
	Nonvested stock awards		-	39
	Diluted earnings	$	187,498	15,114	$	12.41

For the three and nine months ended September 30, 2023, there were 309,336 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and nine months ended September 30, 2022, there were 592,000 and 593,000, respectively, stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.