Earnings Per Share

12 Months Ended

Dec. 31, 2023

The following is a reconciliation of the income (numerator) and shares (denominator) used in computing Basic and Diluted EPS:


	For Years Ended December 31,
	2023					2022					2021
($ in thousands except per share amounts)	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS:
Net income	$	104,131				$	146,936				$	95,644
Less: income allocated to participating securities	(685)					(779)					(483)
Basic EPS per common share	$	103,446	40,746,772	$	2.54	$	146,157	35,485,620	$	4.12	$	95,161	29,876,151	$	3.19

Diluted EPS:
Net income	$	104,131	40,746,772			$	146,936	35,485,620			$	95,644	29,876,151
Effect of Dilutive Securities	—		418,062			—		189,110			—		151,634
Diluted EPS per common share	$	104,131	41,164,834	$	2.53	$	146,936	35,674,730	$	4.12	$	95,644	30,027,785	$	3.19

For the year ended December 31, 2023, there were no options that were anti-dilutive. There were no outstanding options in other year presented.