| Schedule of Computation of Basic and Diluted Earnings Per Share |
The computation of basic and diluted earnings per share was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | (in thousands, except per share amounts) | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income | $ | 64,338 | | | $ | 81,734 | | | $ | 84,642 | | | $ | 126,268 | | | Income allocated to participating securities | (255) | | | (392) | | | (334) | | | (615) | | | Net income available to common shareholders | $ | 64,083 | | | $ | 81,342 | | | $ | 84,308 | | | $ | 125,653 | | | Denominator: | | | | | | | | | Weighted average shares of common stock outstanding – basic | 45,192 | | | 46,141 | | | 45,454 | | | 46,316 | | | Basic earnings per share | $ | 1.42 | | | $ | 1.76 | | | $ | 1.85 | | | $ | 2.71 | | | | | | | | | | | Numerator: | | | | | | | | | Net income | $ | 64,338 | | | $ | 81,734 | | | $ | 84,642 | | | $ | 126,268 | | | Income allocated to participating securities | (255) | | | (392) | | | (334) | | | (615) | | | Net income available to common shareholders | $ | 64,083 | | | $ | 81,342 | | | $ | 84,308 | | | $ | 125,653 | | | Denominator: | | | | | | | | | Weighted average shares of common stock outstanding – basic | 45,192 | | | 46,141 | | | 45,454 | | | 46,316 | | | Dilutive effect of stock options, PVRSUs, and RSUs | 201 | | | 447 | | | 258 | | | 538 | | | Weighted average shares of common stock outstanding – diluted | 45,393 | | | 46,588 | | | 45,712 | | | 46,854 | | | Diluted earnings per share | $ | 1.41 | | | $ | 1.75 | | | $ | 1.84 | | | $ | 2.68 | |
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