Basic net income per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding.

Diluted net income per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding plus the incremental number of shares added as a result of converting common stock equivalents, calculated using the treasury stock method. The Corporation's common stock equivalents consist of restricted stock, RSUs, and PSUs. PSUs are required to be included in weighted average diluted shares outstanding if performance measures, as defined in each PSU award agreement, are met as of the end of the period.

A reconciliation of weighted average shares outstanding used to calculate basic and diluted net income per share follows (in thousands, except per share data):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Weighted average shares outstanding (basic)	191,386		182,261		185,585		182,220
Impact of common stock equivalents	1,611		1,552		1,792		1,779
Weighted average shares outstanding (diluted)	192,997		183,813		187,377		183,999
Per share:
Basic	$	0.52	$	0.53	$	1.03	$	1.03
Diluted	0.52		0.53		1.02		1.02