Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the three and six months ended June 30, 2026, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share, were 297,000 and 390,000, respectively. For the three and six months ended June 30, 2025, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share, were 762,000 and 746,000, respectively.

The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	48,261	$	50,564	$	99,263	$	101,668
Less: net earnings allocated to restricted stock		264		340		617		675
Net earnings allocated to common shareholders	$	47,997	$	50,224	$	98,646	$	100,993
Weighted average shares outstanding		167,039		136,999		150,986		137,615
Basic earnings per common share	$	0.29	$	0.37	$	0.65	$	0.73

Diluted earnings per common share:
Net income allocated to common shareholders	$	47,997	$	50,224	$	98,646	$	100,993
Weighted average shares outstanding		167,039		136,999		150,986		137,615
Incremental shares from assumed exercise of outstanding options		148		174		142		274
Diluted weighted average shares outstanding		167,187		137,173		151,128		137,889
Diluted earnings per common share	$	0.29	$	0.37	$	0.65	$	0.73