v3.25.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company reports both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period. Diluted earnings per share is calculated by dividing the net income available to participating common shareholders by the diluted weighted average number of shares outstanding for the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive equity.
A reconciliation of weighted average shares outstanding is as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Weighted-average outstanding common shares482,868482,147482,725482,012
Add participating securities:
Weighted-average time-lapse restricted awards1,7752,0971,8052,175
Total weighted-average shares outstanding – basic484,643484,244484,530484,187
Dilutive effect of restricted stock units and PSUs3117529169
Weighted-average shares outstanding – diluted484,674484,419484,559484,356