| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2025 and 2024 (in thousands, except number of shares and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | Net income | | $ | 116,140 | | | $ | 114,589 | | | $ | 236,792 | | | $ | 229,006 | | | | | | | | | | | | Basic earnings per share: | | | | | | | | | | Weighted average shares outstanding for basic earnings per share | | 22,987,326 | | | 22,987,971 | | | 22,984,029 | | | 22,995,486 | | | Basic earnings per share | | $ | 5.05 | | | $ | 4.99 | | | $ | 10.30 | | | $ | 9.96 | | | | | | | | | | | | Diluted earnings per share: | | | | | | | | | | Weighted average shares outstanding for basic earnings per share | | 22,987,326 | | | 22,987,971 | | | 22,984,029 | | | 22,995,486 | | | Effect of dilutive securities: | | | | | | | | | | Incentive and equity compensation plans | | 26,254 | | | 25,822 | | | 24,925 | | | 22,827 | | | Weighted average shares outstanding for diluted earnings per share | | 23,013,580 | | | 23,013,793 | | | 23,008,954 | | | 23,018,313 | | | Diluted earnings per share | | $ | 5.05 | | | $ | 4.98 | | | $ | 10.29 | | | $ | 9.95 | |
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