Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2026

The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):


	Three Months Ended March 31,
	2026		2025
Net income	$	356,404	$	318,573

Basic weighted-average number of shares outstanding	80,113		74,600
Dilutive common share equivalents	333		512
Diluted weighted-average number of shares outstanding	80,446		75,112

Basic earnings per share	$	4.45	$	4.27
Diluted earnings per share	$	4.43	$	4.24