Earnings per Share

9 Months Ended

Sep. 30, 2024

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three and nine months ended September 30, 2024, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and nine months ended September 30, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 611,000 and 609,000 antidilutive securities, respectively. For the three and nine months ended September 30, 2024 and 2023, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except shares and per share amounts)	2024		2023		2024		2023
Numerator:
Net income	$	61,492	$	58,221	$	177,633	$	187,481
Denominator:
Basic: weighted-average shares outstanding		127,886,167		127,609,860		127,820,737		127,552,255
Add: weighted-average equity-based awards		617,868		326,580		541,696		345,574
Diluted: weighted-average shares outstanding		128,504,035		127,936,440		128,362,433		127,897,829
Basic earnings per share	$	0.48	$	0.46	$	1.39	$	1.47
Diluted earnings per share	$	0.48	$	0.46	$	1.38	$	1.47