| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of EPS for the three and nine months ended September 30, 2023 and 2022 (in thousands, except number of shares and per share data):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Net income |
$ |
105,574 |
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$ |
129,837 |
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$ |
292,535 |
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$ |
346,631 |
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| Basic earnings per share: |
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| Weighted average shares outstanding for basic earnings per share |
7,675,521 |
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7,714,796 |
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7,684,691 |
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7,729,866 |
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| Basic earnings per share |
$ |
13.75 |
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$ |
16.83 |
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$ |
38.07 |
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$ |
44.84 |
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| Diluted earnings per share: |
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| Weighted average shares outstanding for basic earnings per share |
7,675,521 |
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7,714,796 |
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7,684,691 |
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7,729,866 |
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| Effect of dilutive securities: |
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| Incentive and equity compensation plans |
6,253 |
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5,425 |
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6,294 |
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3,639 |
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| Weighted average shares outstanding for diluted earnings per share |
7,681,774 |
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7,720,221 |
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7,690,985 |
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7,733,505 |
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| Diluted earnings per share |
$ |
13.74 |
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$ |
16.82 |
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$ |
38.04 |
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$ |
44.82 |
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