v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE 
The computation of basic earnings per share (EPS) is based on the weighted-average number of common shares outstanding. The computation of diluted EPS is based on the weighted-average number of common shares outstanding and potential dilutive common shares during the period as determined by using the treasury stock method.
The following are computations of basic and diluted earnings per share (in thousands, except per share amounts):
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Numerator for basic and diluted earnings per share:
Net income$126,905 $133,280 $185,585 $203,112 
Denominator:
Weighted-average shares outstanding, basic53,593 53,932 53,675 53,931 
Dilutive impact of equity awards206 316 220 300 
Weighted-average shares outstanding, diluted
53,799 54,248 53,895 54,231 
Basic earnings per share:$2.37 $2.47 $3.46 $3.77 
Diluted earnings per share:$2.36 $2.46 $3.44 $3.75 
In the table above, potentially dilutive shares include the dilutive effect of unvested restricted stock awards and employee stock purchase plan (“ESPP”) rights (collectively referred to as “equity awards”). Potentially dilutive shares whose effect would have been antidilutive are excluded from the computation of diluted earnings per share. The Company included all outstanding performance awards, restricted stock awards and ESPP rights in the calculation of diluted earnings per share except as shown in the table below (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Antidilutive restricted stock awards1 15 55 26 
Performance stock awards for which performance criteria was not attained at reporting date97 161 97 161