v3.26.1
Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

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