| Schedule of computation of basic and diluted earnings per share |
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, | | 2026 | | 2025 | | 2026 | | 2025 | | 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 securities | 2 | | | 19 | | | 3 | | | 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 - Basic | 146,327,502 | | | 127,641,857 | | | 146,216,652 | | | 127,515,768 | | | Add: Potentially dilutive shares | 799,721 | | | 472,652 | | | 773,413 | | | 831,373 | | | Denominator for treasury stock method - Diluted | 147,127,223 | | | 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 - Basic | 146,327,502 | | | 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 - Diluted | 146,331,637 | | | 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.
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