v3.26.1
Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Net Income Per Common Share

A summary of net income per common share is presented below:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands, except per share amounts)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income

 

$

75,029

 

 

$

78,755

 

 

$

193,446

 

 

$

151,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

65,160

 

 

 

68,516

 

 

 

64,949

 

 

 

68,591

 

Effect of dilutive stock options

 

 

267

 

 

 

215

 

 

 

196

 

 

 

243

 

Effect of dilutive restricted stock

 

 

1,058

 

 

 

924

 

 

 

994

 

 

 

1,203

 

Effect of convertible notes

 

 

1,033

 

 

 

657

 

 

 

240

 

 

 

859

 

Diluted weighted-average common shares outstanding

 

 

67,518

 

 

 

70,312

 

 

 

66,379

 

 

 

70,896

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.15

 

 

$

1.15

 

 

$

2.98

 

 

$

2.21

 

Diluted

 

$

1.11

 

 

$

1.12

 

 

$

2.91

 

 

$

2.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive securities excluded from diluted net income per common share

 

 

570

 

 

 

1,287

 

 

 

895

 

 

 

1,272