v3.26.3
Earnings Per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period, without considering any dilutive items. Diluted EPS is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted EPS. The two-class method was used to determine basic EPS for the three and nine months ended September 30, 2026 and 2025 and the treasury stock method was used to determine diluted earnings per share for the three and nine months ended September 30, 2026 and 2025.

The following table sets forth the computation of basic and diluted EPS (in thousands, except share data and per share amounts): 
Quarter ended September 30,Nine months ended September 30,
2026202520262025
Numerator for earnings per share - Basic and Diluted:
Net income - treasury stock method - Basic and Diluted$50,719 3,167 154,801 80,300 
Less: Dividends and undistributed earnings allocated to participating securities13 2 39 41 
Net income available to common shareholders - two class method - Basic and Diluted$50,706 3,165 154,762 80,259 
Denominator for earnings per share - treasury stock method - Basic and Diluted
Weighted average common shares outstanding - Basic146,438,163 140,667,671 146,305,601 131,947,911 
Add: Potentially dilutive shares1,022,400 507,845 856,119 752,606 
Denominator for treasury stock method - Diluted147,460,563 141,175,516 147,161,720 132,700,517 
Denominator for earnings per share - two class method - Basic and Diluted:
Weighted average common shares outstanding - Basic146,438,163 140,667,671 146,305,601 131,947,911 
Add: Average participating shares outstanding 37,027 74,822 37,027 74,822 
Denominator for two class method - Diluted146,475,190 140,742,493 146,342,628 132,022,733 
Basic earnings per share$0.35 0.02 1.06 0.61 
Diluted earnings per share$0.34 0.02 1.05 0.61 
Anti-dilutive awards (1)1,225 1,981 1,494 1,981 
(1) Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.