v3.26.3
Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The computation of basic and diluted earnings per common share is presented below for the periods indicated (in thousands, except share and per share data):
Three Months Ended September 30,Nine Months Ended September 30,
c2026202520262025
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 outstanding71,132,255 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 share69,967,624 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 share69,967,624 74,110,349 71,586,709 74,009,598 
Dilutive effect of certain share-based awards573,006 715,117 475,845 601,031 
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