v3.26.3
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

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