Basic and diluted earnings per common share gives effect, utilizing the two-class method, to the potential dilution from the issuance of shares of our common stock in settlement of RSUs which provide for non-forfeitable dividend equivalents equal to the dividends declared per common share. Basic and diluted earnings per common share is computed by dividing net earnings less dividend equivalents attributable to RSUs by the weighted average number of common shares outstanding during the period.

The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method (in thousands except per share data):


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2026			2025			2026			2025
Net earnings	$	25,606		$	23,348		$	74,820		$	52,148
Less dividend equivalents attributable to RSUs outstanding		(850	)		(795	)		(2,596	)		(2,386	)
Net earnings attributable to common stockholders used in basic and diluted earnings per share calculation	$	24,756		$	22,553		$	72,224		$	49,762
Weighted average common shares outstanding:
Basic		62,412			56,693			60,962			55,767
Incremental shares from stock-based compensation		—			64			—			45
Incremental shares from Equity Offering forward agreements		141			—			22			83
Incremental shares from ATM Program forward agreements		16			—			145			11
Diluted		62,569			56,757			61,129			55,906
Basic earnings per common share	$	0.40		$	0.40		$	1.18		$	0.89
Diluted earnings per common share	$	0.40		$	0.40		$	1.18		$	0.89