Net Income Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Share

Note O—Net Income Per Share

The calculation of net income per share for the years ended December 31, 2024, 2023, and 2022, is reflected in the following table (in thousands, except per share amounts):

	Year Ended December 31,
	2024		2023		2022
Net income	$	251,598	$	411,146	$	657,919
Basic:
Weighted average shares	102,661		105,530		108,214
Diluted:
Weighted average shares	102,661		105,530		108,214
Dilutive effect of potential common shares	367		544		957
Diluted weighted average shares	103,028		106,074		109,171
Net income per share:
Basic	$	2.45	$	3.90	$	6.08
Diluted	$	2.44	$	3.88	$	6.03

Potential common shares include the dilutive effect of unvested performance-based restricted stock, restricted stock which contains forfeitable rights to dividends, and stock units.