v3.26.1
EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (common shares in thousands):
Three Months Ended
March 31,
20262025
Numerator:
Net income, basic
$105,527 $185,686 
Add: Interest expense, net of tax, on the Company's convertible debt1,834 1,833 
Net income, diluted
$107,361 $187,519 
Denominator:
Weighted-average common shares outstanding, basic192,497 190,967 
Effect of dilutive securities:
Common stock issuable under the Company's equity incentive plans809 1,142 
Common stock issuable under the Company’s convertible debt
4,365 4,365 
Weighted-average common shares outstanding, diluted197,671 196,474 
Earnings per common share, basic
$0.55 $0.97 
Earnings per common share, diluted
$0.54 $0.95 
Schedule of Anti-Dilutive Common Stock Excluded from Computation of Diluted Earnings Per Share
In addition to the equity instruments included in the table above, the table below presents potential shares of common stock that were excluded from the computation of diluted earnings per common share as they were anti-dilutive (in thousands):
Three Months Ended
March 31,
20262025
Common stock issuable under the Company's equity incentive plans13,803 11,686