The following table sets forth the computation of basic and diluted 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
Numerator:
Net income	$	18,604	$	41,942	$	171,391	$	164,715
Denominator:
Basic
Weighted average common shares outstanding	59,500		63,542		60,444		63,692
Diluted
Stock options (1)	10		77		14		81
Restricted stock units and awards (1)	153		165		48		187
Performance share units	40		—		40		—

Diluted weighted average common shares outstanding (2)	59,703		63,784		60,546		63,960
Basic earnings per share	$	0.31	$	0.66	$	2.84	$	2.59
Diluted earnings per share	$	0.31	$	0.66	$	2.83	$	2.58

(1)A total of 850 thousand and 1,271 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2026, respectively, as their effect would be anti-dilutive. A total of 63 thousand and 79 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2025.

(2)The denominator used in calculating diluted earnings per share did not include 367 thousand PSUs for the three and six months ended June 30, 2026. The denominator used in calculating diluted earnings per share did not include 239 thousand PSUs for the three and six months ended June 30, 2025. The performance conditions associated with these PSUs were not met and consequently none of these PSUs were considered as issuable for the three and six months ended June 30, 2026 and 2025.