Summarized basic and diluted earnings per common share were calculated as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(in thousands, except per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net earnings |
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$ |
21,584 |
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$ |
15,485 |
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$ |
57,373 |
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$ |
40,278 |
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Denominator: |
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Weighted-average shares outstanding |
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58,274 |
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56,531 |
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57,904 |
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56,238 |
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Effect of dilutive stock awards(1) |
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434 |
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2,133 |
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873 |
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2,273 |
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Weighted-average dilutive shares |
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58,708 |
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58,664 |
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58,777 |
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58,511 |
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Basic earnings per common share |
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$ |
0.37 |
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$ |
0.27 |
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$ |
0.99 |
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$ |
0.72 |
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Diluted earnings per common share(1) |
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$ |
0.37 |
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$ |
0.26 |
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$ |
0.98 |
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$ |
0.69 |
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Anti-dilutive securities excluded from diluted earnings per common share: |
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Anti-dilutive restricted share units |
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992 |
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792 |
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822 |
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103 |
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Anti-dilutive performance share units |
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535 |
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862 |
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411 |
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862 |
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Anti-dilutive stock options |
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343 |
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274 |
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344 |
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132 |
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(1)Weighted-average dilutive shares outstanding for both the three and six months ended June 30, 2025 includes approximately 1.3 million common shares issued in connection with the acquisition of Brigit and subject to vesting conditions under restricted stock agreements.
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