v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Calculation of Basic and Diluted Earnings per Common Share
The following tables summarize our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three and six months ended June 30, 2026 and 2025 (in thousands, except share and per share data):
For the three months ended
June 30,
 20262025
Numerator:
Net income
$403,694 $302,160 
Denominator:
Weighted average shares outstanding used to compute basic earnings per common share44,421,322 44,833,638 
Effect of dilutive securities—Share-based awards131,572 156,750 
Shares used to compute diluted earnings per common share44,552,894 44,990,388 
Basic earnings per common share$9.09 $6.74 
Diluted earnings per common share$9.06 $6.72 
NOTE 5 - Earnings Per Share (Continued)
For the six months ended
June 30,
 20262025
Numerator:
Net income
$709,178 $542,837 
Denominator:
Weighted average shares outstanding used to compute basic earnings per common share44,492,543 45,227,690 
Effect of dilutive securities—Share-based awards126,899 153,054 
Shares used to compute diluted earnings per common share44,619,442 45,380,744 
Basic earnings per common share$15.94 $12.00 
Diluted earnings per common share$15.89 $11.96 
The number of share-based awards excluded from the computation of diluted EPS for the three and six months ended June 30, 2026 because they would be anti-dilutive were 1,365 and 3,427, respectively. The number of share-based awards excluded from the computation of diluted EPS for both the three and six months ended June 30, 2025 because they would be anti-dilutive were 3,635.