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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company presents basic and diluted earnings per share for its common stock. Basic earnings per share is calculated by dividing the net income of the Company by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined by adjusting the profit or loss and the weighted average number of shares of common stock outstanding for the effects of all potentially dilutive securities.
The earnings are used as the basis for determining whether the inclusion of common stock equivalents would be anti-dilutive. The computation of diluted shares for the three and six months ended June 30, 2026 and 2025 includes the effect of shares that would be issued in connection with warrants, stock options, restricted stock awards and performance stock unit awards, as these common stock equivalents are dilutive to the earnings per share recorded in those periods.
The following table presents the Company’s common stock equivalents that were excluded from the calculation of earnings per share as they would be anti-dilutive:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Stock option awards1,114,846 459,133 779,409 698,775 
Restricted stock awards1,152,170 191,393 1,057,060 658,340 
Performance stock unit awards365,508 633 269,624 293,010 
The following table presents the Company’s basic earnings per share and shares outstanding (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income$53,913 $50,523 $99,256 $97,265 
Denominator:
Weighted average number of common shares outstanding152,931 162,931 154,782 164,188 
Earnings per common share:
Earnings per common share, basic$0.35 $0.31 $0.64 $0.59 
The following table presents the Company’s diluted earnings per share and shares outstanding (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Numerator:
Net income$53,913 $50,523 $99,256 $97,265 
Denominator:
Weighted average number of common shares outstanding152,931 162,931 154,782 164,188 
Effect of dilutive securities554 1,202 990 1,214 
Weighted average number of common shares outstanding, diluted153,485 164,133 155,772 165,402 
Earnings per common share:
Earnings per common share, diluted$0.35 $0.31 $0.64 $0.59