v3.26.3
Basic and Diluted Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three and nine months ended September 30, 2026 and 2025 (in thousands, except per share data):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands, except per share data)

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

61,344

 

 

$

58,633

 

 

$

160,991

 

 

$

167,995

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.05

 

 

$

0.97

 

 

$

2.73

 

 

$

2.77

 

Effect of CESs

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.02

)

Diluted

 

$

1.04

 

 

$

0.96

 

 

$

2.72

 

 

$

2.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

58,207

 

 

 

60,381

 

 

 

58,880

 

 

 

60,620

 

Effect of CESs

 

 

525

 

 

 

573

 

 

 

370

 

 

 

563

 

Diluted

 

 

58,732

 

 

 

60,954

 

 

 

59,250

 

 

 

61,183