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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Calculation of Basic and Diluted Earnings per Common Share The following tables summarize our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three and six months ended June 30, 2025 and 2024 (in thousands, except share and per share data):
| For the three months ended June 30,
| 2025 |  | 2024
Numerator: |  |  |
Net income | $ | 302,160 |  |  | $ | 247,572 |
Denominator: |  |  |
Weighted average shares outstanding used to compute basic earnings per common share | 44,833,638 |  |  | 46,972,032 |
Effect of dilutive securities—Share-based awards | 156,750 |  |  | 187,628 |
Shares used to compute diluted earnings per common share | 44,990,388 |  |  | 47,159,660 |
Basic earnings per common share | $ | 6.74 |  |  | $ | 5.27 |
Diluted earnings per common share | $ | 6.72 |  |  | $ | 5.25 |
| For the six months ended June 30,
| 2025 |  | 2024
Numerator: |  |  |
Net income | $ | 542,837 |  |  | $ | 444,721 |
Denominator: |  |  |
Weighted average shares outstanding used to compute basic earnings per common share | 45,227,690 |  |  | 47,053,768 |
Effect of dilutive securities—Share-based awards | 153,054 |  |  | 182,970 |
Shares used to compute diluted earnings per common share | 45,380,744 |  |  | 47,236,738 |
Basic earnings per common share | $ | 12.00 |  |  | $ | 9.45 |
Diluted earnings per common share | $ | 11.96 |  |  | $ | 9.41 |
The number of share-based awards excluded from the computation of diluted EPS for both the three and six months ended June 30, 2025 because they would be anti-dilutive were 3,635. The number of share-based awards excluded from the computation of diluted EPS for the three and six months ended June 30, 2024 because they would be anti-dilutive were 5,200 and 9,399, respectively.

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