v3.25.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

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​

​

​

​

​

​

​

​

​

​

​

​

​

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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2025

 

2024

 

2025

 

2024

Numerator:

 

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​

 

​

  

 

​

  

 

​

  

Net income

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$

122,628

​

$

100,756

​

$

384,511

​

$

325,879

Denominator (shares in 000's):

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​

​

 

​

​

 

​

​

 

​

Basic weighted average shares outstanding

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55,097

​

 

56,565

​

 

55,567

​

 

56,749

Effect of dilutive securities - Stock options and awards

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477

​

 

501

​

 

453

​

 

600

Diluted weighted average shares outstanding

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55,574

​

 

57,066

​

 

56,020

​

 

57,349

Basic earnings per share

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$

2.23

​

$

1.78

​

$

6.92

​

$

5.74

Diluted earnings per share

​

$

2.21

​

$

1.77

​

$

6.86

​

$

5.68

​

For the three months ended September 30, 2025 and 2024, common shares subject to equity-based awards of 19,416 and 43,250, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the nine months ended September 30, 2025 and 2024, common shares subject to equity-based awards of 2,089 and 38,665, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.