Earnings per Share

3 Months Ended

Mar. 31, 2024

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three months ended March 31, 2024, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 115,000 antidilutive securities. For the three months ended March 31, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 221,000 antidilutive securities. For the three months ended March 31, 2024 and 2023, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended March 31,
(dollars in thousands, except shares and per share amounts)	2024		2023
Numerator:
Net income	$	54,220	$	66,818
Denominator:
Basic: weighted-average shares outstanding		127,707,354		127,453,820
Add: weighted-average equity-based awards		510,335		579,992
Diluted: weighted-average shares outstanding		128,217,689		128,033,812
Basic earnings per share	$	0.42	$	0.52
Diluted earnings per share	$	0.42	$	0.52