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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Reconciliation of Earnings Per Share

The following is a reconciliation of our earnings per share (in thousands, except for per share data):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

23,603

 

 

$

30,459

 

 

$

79,671

 

 

$

138,743

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

60,374

 

 

 

62,278

 

 

 

60,803

 

 

 

63,816

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of restricted stock

 

575

 

 

 

708

 

 

 

438

 

 

 

600

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

60,949

 

 

 

62,986

 

 

 

61,241

 

 

 

64,416

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic

$

0.39

 

 

$

0.49

 

 

$

1.31

 

 

$

2.17

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - diluted

$

0.39

 

 

$

0.48

 

 

$

1.30

 

 

$

2.15