v3.25.1
Computation of Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

(2) Computation of Earnings Per Share

The calculation of basic earnings per common share and diluted earnings per common share was as follows (in thousands, except per share amounts):

 

 

First Quarter

 

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income

 

$

49,810

 

 

$

90,695

 

Denominator:

 

 

 

 

 

 

Denominator for basic earnings per share–weighted
     average common shares

 

 

26,720

 

 

 

26,672

 

Dilutive effect of share-based awards

 

 

68

 

 

 

122

 

Denominator for diluted earnings per share–adjusted
     weighted average common shares

 

 

26,788

 

 

 

26,794

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

1.86

 

$

3.40

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

1.86

 

$

3.38

 

For the quarter ended March 31, 2025, there were 11,834 anti-dilutive share-based awards. For the quarter ended March 31, 2024, there were no anti-dilutive share-based awards.