XML 38 R27.htm IDEA: XBRL DOCUMENT v3.24.2
Earnings per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings per Share
18. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Net earnings$281,822 $242,239 $914,043 $470,813 
Basic earnings per common share:  
Net earnings$2.05 $1.73 $6.61 $3.37 
Weighted average shares outstanding137,443,000 139,862,000 138,247,000 139,810,000 
Diluted earnings per common share:  
Net earnings$2.04 $1.72 $6.57 $3.35 
Weighted average shares outstanding138,404,000 140,578,000 139,136,000 140,597,000 

The following table is a reconciliation of the share amounts used in computing earnings per share:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Weighted average shares outstanding - basic137,443,000 139,862,000 138,247,000 139,810,000 
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs961,000 716,000 889,000 787,000 
Weighted average shares outstanding - diluted138,404,000 140,578,000 139,136,000 140,597,000 

Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of SARs and vesting of performance shares and RSUs, as determined using the treasury stock method.
The weighted average number of anti-dilutive potential common shares excluded from the calculation above were approximately 37,000 and 34,000 for the three months ended June 30, 2024 and 2023, respectively, and 72,000 and 61,000 for the six months ended June 30, 2024 and 2023, respectively.