v3.26.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE 
The computation of basic earnings per share (“EPS”) is based on the weighted average number of the Company’s common shares outstanding. The computation of diluted EPS is based on the weighted average number of the Company’s common shares outstanding and potential dilutive common shares during the period as determined by using the treasury stock method.
The following are computations of basic and diluted earnings per share (in thousands, except per share amounts):
 Three Months Ended March 31,
 20262025
Numerator for basic and diluted earnings per share:
Net income$63,201 $58,680 
Denominator:
Weighted-average shares outstanding, basic52,821 53,759 
Dilutive impact of equity awards171 234 
Weighted-average shares outstanding, diluted
52,992 53,993 
Basic earnings per share:$1.20 $1.09 
Diluted earnings per share:$1.19 $1.09 
In the table above, potentially dilutive shares outstanding include the dilutive effect of unvested restricted stock awards and Employee Stock Purchase Plan (“ESPP”), rights (collectively referred to as “equity awards”). Potentially dilutive shares whose effect would have been antidilutive have been excluded from the computation of diluted earnings per share. The Company included all outstanding performance awards, restricted stock awards and ESPP rights in the calculation of diluted earnings per share except as shown in the table below (in thousands):
 Three Months Ended March 31,
20262025
Antidilutive restricted stock awards60 
Performance stock awards for which performance criteria was not attained at reporting date148 104