v3.25.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted To calculate diluted EPS, basic EPS is adjusted to include the effect of potentially dilutive stock options outstanding and contingently issuable equity awards. The table below shows our basic and diluted EPS calculations.
Three Months Ended
March 31,
2024
(Dollars in thousands, except per share amounts)
Numerator
Net income$95,819 
Less: distributed earnings allocated to participating securities(155)
Less: undistributed earnings allocated to participating securities(227)
Net income attributable to common stockholders (numerator for basic earnings per share)95,437 
Add back: undistributed earnings allocated to participating securities227 
Less: undistributed earnings reallocated to participating securities(222)
Numerator for diluted earnings per share under two-class method$95,442 
Denominator
Weighted-average common shares outstanding74,757,225 
Add: dilutive effect of stock options1,700,720 
Add: dilutive effect of contingently issuable equity awards— 
Denominator for diluted earnings per share under two-class method76,457,945 
Basic Earnings Per Common Share$1.28 
Diluted Earnings Per Common Share$1.25