| Schedule of computation of basic and diluted earnings per share |
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, | | 2026 | | 2025 | | 2026 | | 2025 | | 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 securities | 13 | | | 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 - Basic | 146,438,163 | | | 140,667,671 | | | 146,305,601 | | | 131,947,911 | | | Add: Potentially dilutive shares | 1,022,400 | | | 507,845 | | | 856,119 | | | 752,606 | | | Denominator for treasury stock method - Diluted | 147,460,563 | | | 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 - Basic | 146,438,163 | | | 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 - Diluted | 146,475,190 | | | 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.
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