v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Share Computations

The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the three and six months ended June 30, 2026 and 2025 (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

105,058

 

 

$

76,149

 

 

$

196,157

 

 

$

149,094

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Total weighted average basic shares

 

 

24,882

 

 

 

25,297

 

 

 

24,878

 

 

 

25,486

 

Shares applicable to stock-based compensation

 

 

1,392

 

 

 

1,349

 

 

 

1,465

 

 

 

1,576

 

Total weighted average diluted shares

 

 

26,274

 

 

 

26,646

 

 

 

26,343

 

 

 

27,062

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share – basic

 

$

4.22

 

 

$

3.01

 

 

$

7.88

 

 

$

5.85

 

Earnings per common share – diluted

 

$

4.00

 

 

$

2.86

 

 

$

7.45

 

 

$

5.51