Net Income Per Share

9 Months Ended

Sep. 30, 2024

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, 2024 and 2023, is reflected in the following table (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income	$	65,451	$	95,545	$	197,308	$	323,842
Basic:
Weighted average shares	102,175		105,340		103,034		105,950
Diluted:
Weighted average shares	102,175		105,340		103,034		105,950
Dilutive effect of potential common shares	218		470		337		500
Diluted weighted average shares	102,393		105,810		103,371		106,450
Net income per share:
Basic	$	0.64	$	0.91	$	1.91	$	3.06
Diluted	$	0.64	$	0.90	$	1.91	$	3.04