v3.25.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

 

 

Three Months Ended
March 31,

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income available to common shareholders

 

$

60,434

 

 

$

89,070

 

Denominator:

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

107,180,665

 

 

 

108,640,168

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock appreciation rights and options

 

 

34,543

 

 

 

71,202

 

Restricted stock

 

 

68,876

 

 

 

79,255

 

Diluted weighted average shares outstanding

 

 

107,284,084

 

 

 

108,790,625

 

Basic earnings per share

 

$

0.56

 

 

$

0.82

 

Diluted earnings per share

 

$

0.56

 

 

$

0.82

 

Antidilutive Securities Excluded from Computation of Earnings Per Share The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

 

Three Months Ended
March 31,

 

 

2025

 

 

2024

 

Stock appreciation rights

 

 

129,069

 

 

 

55,132

 

Restricted stock

 

 

92,795

 

 

 

48,597