Net Income Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The calculation of net income per share for the three and nine months ended September 30, 2023 and 2022, is reflected in the following table (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	95,545	$	166,206	$	323,842	$	510,266
Basic:
Weighted average shares	105,340		107,855		105,950		108,630
Diluted:
Weighted average shares	105,340		107,855		105,950		108,630
Dilutive effect of potential common shares	470		763		500		1,000
Diluted weighted average shares	105,810		108,618		106,450		109,630
Net income per share:
Basic	$	0.91	$	1.54	$	3.06	$	4.70
Diluted	$	0.90	$	1.53	$	3.04	$	4.65