Schedule of computation of basic and diluted earnings per share |
The following table presents the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | (in thousands except share and per share data) | 2025 | | 2024 | | 2025 | | 2024 | | | Numerator: | | | | | | | | | | Net income | $ | 77,328 | | | $ | 41,662 | | | $ | 124,375 | | | $ | 67,804 | | | | Preferred stock dividends | 4,312 | | | 4,312 | | | 8,625 | | | 8,625 | | | | Net income available to common stockholders | $ | 73,016 | | | $ | 37,350 | | | $ | 115,750 | | | $ | 59,179 | | | | Denominator: | | | | | | | | | | Basic earnings per common share—weighted average common shares | 45,791,602 | | | 46,546,243 | | | 45,956,594 | | | 46,925,761 | | | | Effect of dilutive outstanding stock-settled awards | 423,792 | | | 326,255 | | | 446,522 | | | 371,569 | | | | Dilutive earnings per common share—weighted average diluted common shares | 46,215,394 | | | 46,872,498 | | | 46,403,116 | | | 47,297,330 | | | | Basic earnings per common share | $ | 1.59 | | | $ | 0.80 | | | $ | 2.52 | | | $ | 1.26 | | | | Diluted earnings per common share | $ | 1.58 | | | $ | 0.80 | | | $ | 2.49 | | | $ | 1.25 | | | | Anti-dilutive outstanding stock-settled awards | 31,703 | | | 38,461 | | | 26,974 | | | 105,680 | | | |
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