
	Three Months Ended September 30,				Nine Months Ended September 30,
c	2026		2025		2026		2025
Basic earnings per common share:
Numerator:
Net income	$	72,170	$	71,851	$	204,708	$	199,093
Distributed and undistributed earnings allocated to participating securities	(1,140)		(1,030)		(3,137)		(2,829)
Income allocated to common stockholders for basic earnings per common share	$	71,030	$	70,821	$	201,571	$	196,264
Denominator:
Weighted average common shares outstanding	71,132,255		75,227,314		72,748,103		75,124,070
Less average unvested stock awards	(1,164,631)		(1,116,965)		(1,161,394)		(1,114,472)
Weighted average shares for basic earnings per common share	69,967,624		74,110,349		71,586,709		74,009,598
Basic earnings per common share	$	1.02	$	0.96	$	2.82	$	2.65
Diluted earnings per common share:
Numerator:
Income allocated to common stockholders for basic earnings per common share	$	71,030	$	70,821	$	201,571	$	196,264
Adjustment for earnings reallocated from participating securities	6		7		14		15
Income used in calculating diluted earnings per common share	$	71,036	$	70,828	$	201,585	$	196,279
Denominator:
Weighted average shares for basic earnings per common share	69,967,624		74,110,349		71,586,709		74,009,598
Dilutive effect of certain share-based awards	573,006		715,117		475,845		601,031
Weighted average shares for diluted earnings per common share	70,540,630		74,825,466		72,062,554		74,610,629
Diluted earnings per common share	$	1.01	$	0.95	$	2.80	$	2.63

Unvested shares of 425,663 and 365,380 for the three months ended September 30, 2026 and 2025, respectively, and unvested shares of 428,529 and 313,350 for the nine months ended September 30, 2026 and 2025, respectively, were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.