v3.26.1
Weighted Average Common Shares
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Weighted Average Common Shares

12. WEIGHTED AVERAGE COMMON SHARES

Basic net income per share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares outstanding assuming dilution. Dilutive common shares outstanding is computed using the Treasury Stock Method and reflects the additional

shares that would be outstanding if dilutive stock options were exercised and restricted stock units were settled for common shares during the period.

The weighted average number of common shares used to compute basic and diluted net income per share for the quarters ended March 31, 2026 and 2025 were as follows (shares in thousands):

 

 

For the Quarter Ended March 31,

 

 

2026

 

 

2025

 

Basic common shares outstanding

 

62,496

 

 

 

65,680

 

Common stock equivalents

 

935

 

 

 

1,192

 

Diluted common shares outstanding

 

63,431

 

 

 

66,872