v3.26.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 

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Six Months Ended June 30, 

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  ​ ​ ​

2026

 

2025

 

2026

 

2025

Numerator:

 

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​

 

​

  ​

 

​

  ​

 

​

  ​

Net income

​

$

158,519

​

$

143,396

​

$

294,901

​

$

261,883

Denominator (shares in 000's):

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​

​

 

​

​

 

​

​

 

​

Basic weighted average shares outstanding

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54,662

​

 

55,545

​

 

54,742

​

 

55,801

Effect of dilutive securities - Stock options and awards

​

 

440

​

 

423

​

 

464

​

 

441

Diluted weighted average shares outstanding

​

 

55,102

​

 

55,968

​

 

55,206

​

 

56,242

Basic earnings per share

​

$

2.90

​

$

2.58

​

$

5.39

​

$

4.69

Diluted earnings per share

​

$

2.88

​

$

2.56

​

$

5.34

​

$

4.66

​

For the three months ended June 30, 2026 and 2025, common shares subject to equity-based awards of 37,641 and 27,376, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2026 and 2025, common shares subject to equity-based awards of 50,156 and 33,692, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.