The following represents a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations contained in the condensed consolidated financial statements:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(in thousands, except per share data)
Net income	$	134,121	$	92,579	$	223,348	$	191,520

Weighted average common shares outstanding – basic	23,175		23,165		23,172		23,137
Effect of potential dilutive securities:
Conversion of stock options	92		130		100		150
Conversion of restricted stock	24		34		29		45
Weighted average common shares outstanding – diluted	23,291		23,329		23,301		23,332

Earnings per common share:
Basic	$	5.79	$	4.00	$	9.64	$	8.28
Diluted	$	5.76	$	3.97	$	9.59	$	8.21