v3.25.1
EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the assumed conversion of all dilutive securities, including, when applicable, stock options, restricted stock units, performance stock units, and performance stock options.
The following table presents the computation of basic and diluted EPS:
Three Months Ended
March 31,
(in thousands, except per share data)20252024
Net income$288,600 $255,954 
Basic weighted average common shares outstanding77,630 79,195 
Effect of dilutive securities177 313 
Diluted weighted average common shares outstanding77,807 79,508 
Earnings per common share:
Basic$3.72 $3.23 
Diluted$3.71 $3.22