The table below presents a reconciliation between basic and diluted weighted average shares outstanding, net income, and basic and diluted income per common share for the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, | | September 30, | (In thousands, except per common share amounts) | 2026 | | 2025 | | 2026 | | 2025 | | NUMERATOR | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | $ | 66,553 | | | $ | 106,490 | | | $ | 213,453 | | | $ | 338,970 | | | DENOMINATOR | | | | | | | | | Basic weighted average shares outstanding | 25,431 | | | 26,544 | | | 25,699 | | | 26,895 | | Dilutive securities | 518 | | | 644 | | | 534 | | | 618 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted weighted average shares outstanding | 25,949 | | | 27,188 | | | 26,233 | | | 27,513 | | | Earnings per common share: | | | | | | | | | Basic | $ | 2.62 | | | $ | 4.01 | | | $ | 8.31 | | | $ | 12.60 | | | Diluted | $ | 2.56 | | | $ | 3.92 | | | $ | 8.14 | | | $ | 12.32 | | | | | | | | | | Anti-dilutive equity awards not included in the calculation of diluted earnings per common share | — | | | — | | | — | | | — | |
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