| Earnings Per Share |
Earnings Per Share The following table presents the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | (in thousands except share and per share data) | 2025 | | 2024 | | 2025 | | 2024 | | | | Numerator: | | | | | | | | | | | Net income/(loss) | $ | 105,210 | | | $ | (61,319) | | | $ | 229,585 | | | $ | 6,485 | | | | | Preferred stock dividends | 4,313 | | | 4,313 | | | 12,938 | | | 12,938 | | | | | Net income/(loss) available to common stockholders | $ | 100,897 | | | $ | (65,632) | | | $ | 216,647 | | | $ | (6,453) | | | | | Denominator: | | | | | | | | | | | Basic earnings per common share—weighted average common shares | 45,708,185 | | | 46,201,518 | | | 45,873,276 | | | 46,674,034 | | | | | Effect of dilutive outstanding stock-settled awards | 524,982 | | | 407,224 | | | 474,960 | | | 379,683 | | | | | Dilutive earnings per common share—weighted average diluted common shares | 46,233,167 | | | 46,608,742 | | | 46,348,236 | | | 47,053,717 | | | | | Basic earnings/(loss) per common share | $ | 2.21 | | | $ | (1.42) | | | $ | 4.72 | | | $ | (0.14) | | | | | Diluted earnings/(loss) per common share | $ | 2.18 | | | $ | (1.41) | | | $ | 4.67 | | | $ | (0.14) | | | | | Anti-dilutive outstanding stock-settled awards | — | | | 622 | | | 207 | | | 62,560 | | | |
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