Basic EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding during the applicable period. The Company calculates diluted EPS using the treasury stock method. Diluted EPS is computed by dividing net income by the total of the weighted average number of shares of common stock outstanding during the applicable period, plus the effect of any potentially dilutive securities, except in cases where the effect of such securities would be anti-dilutive.

Basic and diluted EPS were calculated as follows, based on a reconciliation of the weighted average common shares outstanding on a basic and diluted basis:


	Three months ended March 31,
		2026		2025
		(In thousands, except per share amounts)
Net income		$	58,316	$	36,672

Weighted average common shares outstanding - basic		51,082		51,042
Effect of dilutive securities - share-based awards		107		49
Weighted average common shares outstanding - diluted		51,189		51,091

EPS - basic		$	1.14	$	0.72
EPS - diluted		$	1.14	$	0.72

Shares excluded from the calculation of diluted EPS due to their anti-dilutive effect		12		—