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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS:

 

Three Months Ended

 

 

Six Months Ended

 

June 30,

 

 

June 30,

 

2024

 

2023

 

 

2024

 

2023

 

Earnings (numerator)

 

 

 

 

 

Net income attributable to common stockholders

$

8,000

 

$

82,020

 

 

$

22,038

 

$

153,170

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

46,133

 

 

45,733

 

 

 

46,083

 

 

45,667

 

Dilutive effect of stock options and stock awards outstanding

 

191

 

 

510

 

 

 

237

 

 

596

 

Adjusted weighted average common shares outstanding (diluted)

 

46,324

 

 

46,243

 

 

 

46,320

 

 

46,263

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.17

 

 

$

1.79

 

 

$

0.48

 

 

$

3.35

 

Diluted

$

0.17

 

 

$

1.77

 

 

$

0.48

 

 

$

3.31

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS
  calculation because the effect would be anti-dilutive

 

380

 

 

 

36

 

 

 

270

 

 

 

19