Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the three and six months ended June 30, 2025, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share, were 762,000 and 746,000, respectively. For the three and six months ended June 30, 2024, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share, were 1,181,000 and 1,167,000, respectively.

The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	50,564	$	50,035	$	101,668	$	98,634
Less: Net earnings allocated to restricted stock		340		373		675		697
Net earnings allocated to common shareholders	$	50,224	$	49,662	$	100,993	$	97,937
Weighted average shares outstanding		136,999		138,584		137,615		138,419
Basic earnings per common share	$	0.37	$	0.36	$	0.73	$	0.71

Diluted earnings per common share:
Net income allocated to common shareholders	$	50,224	$	49,662	$	100,993	$	97,937
Weighted average shares outstanding		136,999		138,584		137,615		138,419
Incremental shares from assumed exercise of outstanding options		174		85		274		142
Diluted weighted average shares outstanding		137,173		138,669		137,889		138,561
Diluted earnings per common share	$	0.37	$	0.36	$	0.73	$	0.71