Basic and diluted earnings per common share gives effect, utilizing the two-class method, to the potential dilution from the issuance of shares of our common stock in settlement of RSUs which provide for non-forfeitable dividend equivalents equal to the dividends declared per common share. Basic and diluted earnings per common share is computed by dividing net earnings less dividend equivalents attributable to RSUs by the weighted average number of common shares outstanding during the period.

The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method (in thousands except per share data):


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2026			2025			2026			2025
Net earnings	$	22,585		$	14,014		$	49,214		$	28,800
Less dividend equivalents attributable to RSUs outstanding		(897	)		(795	)		(1,794	)		(1,590	)
Net earnings attributable to common stockholders used in basic and diluted earnings per share calculation	$	21,688		$	13,219		$	47,420		$	27,210
Weighted average common shares outstanding:
Basic		60,580			55,530			60,225			55,297
Incremental shares from stock-based compensation		77			54			29			33
Incremental shares from Equity Offering forward agreements		27			22			—			102
Incremental shares from ATM Program forward agreements		55			—			99			11
Diluted		60,739			55,606			60,353			55,443
Basic earnings per common share	$	0.36		$	0.24		$	0.79		$	0.49
Diluted earnings per common share	$	0.36		$	0.24		$	0.79		$	0.49