Basic earnings per share are computed by dividing earnings applicable to common stock by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of common stock equivalent shares that could occur if unvested shares were to vest. Common stock equivalent shares are calculated using the treasury stock method, as applicable. The dilutive effect is computed by dividing earnings applicable to common stock by the weighted average number of common shares outstanding plus the effect of the outstanding unvested restricted stock and performance share awards. Average shares used in computing the basic and diluted earnings per share are as follows:


	Three Months Ended
	June 30, 2026	June 30, 2025
Basic computation	61,508,960	61,380,777
Dilutive effect of:
Performance and restricted share awards(1)	265,634	103,169
Diluted computation	61,774,594	61,483,946


	Six Months Ended
	June 30, 2026	June 30, 2025
Basic computation	61,484,991	61,360,252
Dilutive effect of:
Performance and restricted share awards(1)	218,440	95,733
Diluted computation	61,703,431	61,455,985

(1) Performance share awards are included in diluted weighted average number of shares outstanding based upon what would be issued if the end of the most recent reporting period was the end of the term of the award.

As of June 30, 2026, there were no shares from performance and restricted share awards which were antidilutive and excluded from the earnings per share calculations, compared to 68,107 shares as of June 30, 2025.