Basic earnings per common share is computed by dividing net income, less preferred stock dividends and accretion of preferred stock issuance costs, by the weighted average number of common shares outstanding for the period. Treasury stock is excluded from the weighted average number of shares of common stock outstanding. Diluted earnings per share attributable to common stockholders is computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is determined using the applicable method prescribed by U.S. GAAP, including the treasury stock method for restricted stock awards and non-qualified stock options and the if-converted method for convertible securities, as applicable. Common stock equivalents are not included in diluted earnings per share when their inclusion is anti-dilutive. Additionally, redeemable preferred stock is not convertible and does not affect dilutive shares.

Potentially dilutive securities for the three and six months ended June 30, 2026 included restricted stock awards, a non-qualified stock option, and the Company’s 2.50% Convertible Senior Notes due 2031. The Convertible Senior Notes were evaluated using the if-converted method and were excluded from the computation of diluted earnings per common share for the three and six months ended June 30, 2026 because the average market price of the Company’s common stock did not exceed the conversion price during the period and, accordingly, the assumed conversion would have been anti-dilutive. There were approximately 537,000 and 333,000 anti-dilutive weighted shares excluded from the computations of diluted weighted average earnings per common share for the three and six months ended June 30, 2025.



	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net income attributable to common shareholders	$	28,745	$	58,955	$	52,406	$	74,431

Basic weighted average common shares outstanding	21,127		20,367		20,733		20,094
Potentially dilutive common shares	886		603		1,152		891
Diluted weighted average common shares outstanding	22,013		20,970		21,885		20,985

Basic weighted average earnings per common share	$	1.36	$	2.89	$	2.53	$	3.70
Diluted weighted average earnings per common share	$	1.31	$	2.81	$	2.39	$	3.55