v3.26.1
Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The computation of basic and diluted earnings per common share is presented below for the periods indicated (in thousands, except share and per share data):
Three Months Ended June 30,Six Months Ended June 30,
c2026202520262025
Basic earnings per common share:
Numerator:
Net income
$70,663 $68,766 $132,538 $127,242 
Distributed and undistributed earnings allocated to participating securities
(1,094)(979)(2,000)(1,799)
Income allocated to common stockholders for basic earnings per common share$69,569 $67,787 $130,538 $125,443 
Denominator:
Weighted average common shares outstanding72,630,405 75,222,756 73,569,419 75,071,593 
Less average unvested stock awards(1,180,777)(1,124,872)(1,159,749)(1,113,205)
Weighted average shares for basic earnings per common share71,449,628 74,097,884 72,409,670 73,958,388 
Basic earnings per common share$0.97 $0.91 $1.80 $1.70 
Diluted earnings per common share:
Numerator:
Income allocated to common stockholders for basic earnings per common share$69,569 $67,787 $130,538 $125,443 
Adjustment for earnings reallocated from participating securities
4 5 8 9 
Income used in calculating diluted earnings per common share$69,573 $67,792 $130,546 $125,452 
Denominator:
Weighted average shares for basic earnings per common share71,449,628 74,097,884 72,409,670 73,958,388 
Dilutive effect of certain share-based awards342,179 523,812 426,460 543,043 
Weighted average shares for diluted earnings per common share
71,791,807 74,621,696 72,836,130 74,501,431 
Diluted earnings per common share$0.97 $0.91 $1.79 $1.68