Earnings Per Share

3 Months Ended

Mar. 31, 2024

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 March 31,		Income		Shares	Earnings per Share
2024
	Earnings	$	65,017	15,121	$	4.30
	Dilutive stock options		-	162
	Nonvested stock awards		-	56
	Diluted earnings	$	65,017	15,339	$	4.24
2023
	Earnings	$	54,121	14,966	$	3.62
	Dilutive stock options		-	94
	Nonvested stock awards		-	50
	Diluted earnings	$	54,121	15,110	$	3.58

For the three months ended March 31, 2024, there were 312,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three months ended March 31, 2023, there were 326,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.