Three months ended March 31,

2026

2025

(In thousands, except per-share amounts)

Basic EPS:

Numerator:

Net income

$

190,096

$

169,051

Income attributable to unvested participating securities

(626

)

(585

)

Net income used in calculating basic EPS

$

189,470

$

168,466

Denominator:

Weighted-average vested shares

31,681

33,292

Basic EPS

$

5.98

$

5.06

Diluted EPS:

Numerator:

Net income

$

190,096

$

169,051

Income attributable to unvested participating securities

(625

)

(584

)

Net income used in calculating diluted EPS

$

189,471

$

168,467

Denominator:

Weighted-average vested shares

31,681

33,292

Dilutive effect of incremental shares to be issued for
   contingently-issuable shares

47

50

Weighted-average shares used in calculating diluted EPS

31,728

33,342

Diluted EPS

$

5.97

$

5.05