v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period, without considering any dilutive items. Diluted EPS is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted EPS. The two-class method was used to determine basic EPS for the three and six months ended June 30, 2026 and 2025 and the treasury stock method was used to determine diluted earnings per share for the three and six months ended June 30, 2026 and 2025.

The following table sets forth the computation of basic and diluted EPS (in thousands, except share data and per share amounts): 
Quarter ended June 30,Six months ended June 30,
2026202520262025
Numerator for earnings per share - Basic and Diluted:
Net income - treasury stock method - Basic and Diluted$53,546 33,675 104,082 77,133 
Less: Dividends and undistributed earnings allocated to participating securities19 44 
Net income available to common shareholders - two class method - Basic and Diluted$53,544 33,656 104,079 77,089 
Denominator for earnings per share - treasury stock method - Basic and Diluted
Weighted average common shares outstanding - Basic146,327,502 127,641,857 146,216,652 127,515,768 
Add: Potentially dilutive shares799,721 472,652 773,413 831,373 
Denominator for treasury stock method - Diluted147,127,223 128,114,509 146,990,065 128,347,141 
Denominator for earnings per share - two class method - Basic and Diluted:
Weighted average common shares outstanding - Basic146,327,502 127,641,857 146,216,652 127,515,768 
Add: Average participating shares outstanding 4,135 72,790 4,135 72,790 
Denominator for two class method - Diluted146,331,637 127,714,647 146,220,787 127,588,558 
Basic earnings per share$0.37 0.26 0.71 0.60 
Diluted earnings per share$0.36 0.26 0.71 0.60 
Anti-dilutive awards (1)1,438 2,051 1,894 2,051 
(1) Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.