Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,		Income		Shares	Earnings per Share
2024
	Earnings	$	70,887	15,097	$	4.70
	Dilutive stock options		-	108
	Nonvested stock awards		-	46
	Diluted earnings	$	70,887	15,251	$	4.65
2023
	Earnings	$	53,377	15,058	$	3.54
	Dilutive stock options		-	115
	Nonvested stock awards		-	46
	Diluted earnings	$	53,377	15,219	$	3.51

			Net Income
For the Six Months Ended June 30,		Income		Shares	Earnings per Share
2024
	Earnings	$	135,904	15,109	$	8.99
	Dilutive stock options		-	135
	Nonvested stock awards		-	51
	Diluted earnings	$	135,904	15,295	$	8.89
2023
	Earnings	$	107,498	15,013	$	7.16
	Dilutive stock options		-	107
	Nonvested stock awards		-	47
	Diluted earnings	$	107,498	15,167	$	7.09

For the three and six months ended June 30, 2024, there were 310,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and six months ended June 30, 2023, there were 311,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.