The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2026 and 2025 (in thousands, except number of shares and per share data): | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | 2026 | | 2025 | | | | | | Net income | | $ | 142,902 | | | $ | 120,652 | | | | | | | | | | | | | | | | Basic earnings per share: | | | | | | | | | | Weighted average shares outstanding for basic earnings per share | | 68,959,013 | | | 68,942,085 | | | | | | | Basic earnings per share | | $ | 2.07 | | | $ | 1.75 | | | | | | | | | | | | | | | | Diluted earnings per share: | | | | | | | | | | Weighted average shares outstanding for basic earnings per share | | 68,959,013 | | | 68,942,085 | | | | | | | Effect of dilutive securities: | | | | | | | | | | Incentive and equity compensation plans | | 50,929 | | | 75,456 | | | | | | | Weighted average shares outstanding for diluted earnings per share | | 69,009,942 | | | 69,017,541 | | | | | | | Diluted earnings per share | | $ | 2.07 | | | $ | 1.75 | | | | | |
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