v3.26.1
Basic and Diluted Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three and six months ended June 30, 2026 and 2025 (in thousands, except per share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands, except per share data)

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

50,352

 

 

$

56,780

 

 

$

99,647

 

 

$

109,362

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.86

 

 

$

0.94

 

 

$

1.68

 

 

$

1.80

 

Effect of CESs

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.02

)

Diluted

 

$

0.85

 

 

$

0.93

 

 

$

1.67

 

 

$

1.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

58,760

 

 

 

60,612

 

 

 

59,221

 

 

 

60,741

 

Effect of CESs

 

 

237

 

 

 

462

 

 

 

294

 

 

 

559

 

Diluted

 

 

58,997

 

 

 

61,074

 

 

 

59,515

 

 

 

61,300