| Schedule of Basic and Diluted Net Income Per Common Share |
The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the three and six months ended June 30, 2025 and 2024. Diluted net income per common share incorporates the potential impact of contingently issuable shares, including awards which require future service and meeting certain performance and market metrics as a condition of delivery of the underlying common stock. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands, except per share data) | 2025 | | 2024 | | 2025 | | 2024 | | Basic Net Income (Loss) Per Common Share: | | | | | | | | | Net income (loss) available to common shareholders | $ | 206,320 | | | $ | (23,741) | | | $ | 390,011 | | | $ | 91,081 | | | Weighted average common shares outstanding | 138,891 | | | 145,565 | | | 139,783 | | | 145,998 | | | Net income (loss) per common share, basic | $ | 1.49 | | | $ | (0.16) | | | $ | 2.79 | | | $ | 0.62 | | | Diluted Net Income (Loss) Per Common Share: | | | | | | | | | Net income (loss) available to common shareholders | $ | 206,320 | | | $ | (23,741) | | | $ | 390,011 | | | $ | 91,081 | | | Weighted average common shares outstanding | 138,891 | | | 145,565 | | | 139,783 | | | 145,998 | | Effect of dilutive outstanding equity-based awards(1) | 611 | | | — | | | 987 | | | 570 | | | Weighted average diluted common shares | 139,502 | | | 145,565 | | | 140,770 | | | 146,568 | | | Net income (loss) per common share, diluted | $ | 1.48 | | | $ | (0.16) | | | $ | 2.77 | | | $ | 0.62 | | | | | | | | | |
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