Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings per Share

Earnings per Share

15. Earnings per Share

For the three and six months ended June 30, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 699,000 and 310,000 antidilutive securities, respectively. For the three and six months ended June 30, 2022, the Company made no adjustments to net income for the purposes of computing earnings per share and there were 149,000 and 22,000 antidilutive securities, respectively. For the three and six months ended June 30, 2023 and 2022, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share amounts)	2023		2022		2023		2022
Numerator:
Net income	$	62,442	$	59,360	$	129,260	$	117,079
Denominator:
Basic: weighted-average shares outstanding		127,591,371		127,672,244		127,522,975		127,614,564
Add: weighted-average equity-based awards		240,980		342,533		378,250		494,066
Diluted: weighted-average shares outstanding		127,832,351		128,014,777		127,901,225		128,108,630
Basic earnings per share	$	0.49	$	0.46	$	1.01	$	0.92
Diluted earnings per share	$	0.49	$	0.46	$	1.01	$	0.91