Earnings per Share

6 Months Ended

Jun. 30, 2024

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three and six months ended June 30, 2024, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 151,000 and 133,000 antidilutive securities, respectively. 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, 2024 and 2023, 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)	2024		2023		2024		2023
Numerator:
Net income	$	61,921	$	62,442	$	116,141	$	129,260
Denominator:
Basic: weighted-average shares outstanding		127,867,853		127,591,371		127,787,663		127,522,975
Add: weighted-average equity-based awards		394,741		240,980		492,254		378,250
Diluted: weighted-average shares outstanding		128,262,594		127,832,351		128,279,917		127,901,225
Basic earnings per share	$	0.48	$	0.49	$	0.91	$	1.01
Diluted earnings per share	$	0.48	$	0.49	$	0.91	$	1.01