Earnings per share

6 Months Ended

Jun. 30, 2024

NOTE 7 – Earnings per share

Our earnings per share (basic and diluted) are presented below (in thousands, except per share amounts):


	Quarters ended June 30,						Six months ended June 30,
	2024			2023			2024			2023

Net income	$	82,029		$	200,093		$	271,291		$	304,097
Net loss attributable to the noncontrolling interest		115			12			413			311
Adjustment of redeemable noncontrolling interest to redemption value		(496	)		(364	)		(1,156	)		(999	)
Earnings available to common shareholders	$	81,648		$	199,741		$	270,548		$	303,409

Weighted average number of common shares outstanding - basic		169,512			217,830			173,668			221,168
Effect of dilutive securities:
Restricted stock units		250			64			344			126
Performance share awards		118			85			146			97
Weighted average number of common shares outstanding - diluted		169,880			217,979			174,158			221,391

Net income per share - basic	$	0.48		$	0.92		$	1.56		$	1.37
Net income per share - diluted	$	0.48		$	0.92		$	1.55		$	1.37

Our calculation of diluted earnings per share includes the dilutive effects for the assumed vesting of outstanding restricted stock units and performance share awards. The diluted earnings per share amounts exclude the effects of approximately 400 thousand and 500 thousand stock awards for the three and six months ended June 30, 2024, respectively, as their inclusion would be accretive to earnings per share.