v3.25.2
Basic and Diluted Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three and six months ended June 30, 2025 and 2024 (in thousands, except per share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands, except per share data)

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

56,780

 

 

$

52,766

 

 

$

109,362

 

 

$

106,567

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.94

 

 

$

0.86

 

 

$

1.80

 

 

$

1.73

 

Effect of CESs

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.02

)

 

 

(0.02

)

Diluted

 

$

0.93

 

 

$

0.85

 

 

$

1.78

 

 

$

1.71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

60,612

 

 

 

61,421

 

 

 

60,741

 

 

 

61,523

 

Effect of CESs

 

 

462

 

 

 

697

 

 

 

559

 

 

 

782

 

Diluted

 

 

61,074

 

 

 

62,118

 

 

 

61,300

 

 

 

62,305