|
3 – Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for basic and diluted earnings per share – Net income available to common shareholders
|
|
$ |
72,761 |
|
|
|
72,438 |
|
|
$ |
134,214 |
|
|
|
132,760 |
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic earnings per share – weighted average shares outstanding
|
|
|
77,963 |
|
|
|
78,300 |
|
|
|
77,645 |
|
|
|
78,991 |
|
|
Effect of dilutive securities–
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employee stock options and restricted stock awards
|
|
|
2,252 |
|
|
|
2,187 |
|
|
|
2,400 |
|
|
|
2,454 |
|
|
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions
|
|
|
80,215 |
|
|
|
80,487 |
|
|
|
80,045 |
|
|
|
81,445 |
|
|
Basic earnings per common share
|
|
$ |
0.93 |
|
|
$ |
0.93 |
|
|
$ |
1.73 |
|
|
$ |
1.68 |
|
|
Diluted earnings per common share and common share equivalents
|
|
$ |
0.91 |
|
|
$ |
0.90 |
|
|
$ |
1.68 |
|
|
$ |
1.63 |
|
Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2026, and 2025, that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows (in thousands):
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Weighted average anti-dilutive stock options
|
|
|
499 |
|
|
|
951 |
|
|
|
387 |
|
|
|
718 |
|
|