Calculation of Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
(in thousands, except per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	17,507	$	9,407	$	81,946	$	61,884
Weighted average shares outstanding (1)	22,501		17,797		22,346		17,784
Basic Earnings Per Share	$	0.78	$	0.53	$	3.67	$	3.48
Calculation of Diluted Earnings Per Share:
Net Income	$	17,507	$	9,407	$	81,946	$	61,884
Reconciliation of Denominator:
Weighted shares outstanding—Basic (1)	22,501		17,797		22,346		17,784
Effect of dilutive securities—Share-based compensation	63		61		56		63
Adjusted denominator—Diluted	22,564		17,858		22,402		17,847
Diluted Earnings Per Share	$	0.78	$	0.53	$	3.66	$	3.47