v3.26.3
Net Income Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is calculated by dividing net income by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net income per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method.
The components of basic and diluted net income per share are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except per share data)2026202520262025
Numerator:
Net income$40,388 $46,839 $18,954 $117,753 
Denominator:
Weighted average shares - basic151,996 159,552 151,930 159,525 
Common stock equivalents
124 2,309 1,058 2,299 
Weighted average shares - diluted152,120 161,861 152,988 161,824 
Net income per share - basic$0.27 $0.29 $0.12 $0.74 
Net income per share - diluted$0.27 $0.29 $0.12 $0.73 
Antidilutive shares excluded from diluted net income per share:
Restricted stock units3,192 7 3,092 18 
Non-qualified stock options474 — 505 — 
Performance share units597 — 729 14 
Total antidilutive shares excluded4,263 7 4,326 32