v3.26.1
Computation of Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share Calculations
The table below sets forth the calculation of basic and diluted income per share for the periods indicated (in thousands, except per share data).
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Numerator:
Net income used for calculating basic and diluted income per share$275,498 $240,783 $497,842 $451,722 
Denominator:
Weighted average common shares used in the calculation of basic income per share 66,501 77,157 68,14977,257
Dilutive effect of outstanding awards associated with stock-based compensation plans (1)80 202 139349
Shares used in the calculation of diluted income per share 66,581 77,359 68,28877,606
Basic income per share$4.14 $3.12 $7.31 $5.85 
Diluted income per share $4.14 $3.11 $7.29 $5.82 
(1)Certain outstanding awards associated with stock-based compensation plans were not included in the computation of diluted income per share because the effect would have been anti-dilutive. These anti-dilutive outstanding awards associated with stock-based compensation plans was 1.0 million and 0.4 million for the three months ended June 30, 2026 and 2025, respectively, and 0.9 million and 0.3 million for the six months ended June 30, 2026 and 2025, respectively.