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Earnings Per Share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares outstanding during the period. Diluted EPS is computed based upon the weighted average number of shares outstanding during the period plus unvested RSAs and other nonvested awards granted pursuant to our incentive and equity compensation plans. The computation of diluted EPS reflects the potential dilution that could occur if all outstanding awards under the incentive and equity compensation plans were converted into shares of Common Stock or resulted in the issuance of shares of Common Stock that would then share in the earnings of the Company. The number of dilutive securities is computed using the treasury stock method. The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2026 and 2025 (in thousands, except number of shares and per share data):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Net income |  | $ | 153,930 |  |  | $ | 116,140 |  |  | $ | 296,832 |  |  | $ | 236,792 |
Basic earnings per share: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per share |  | 68,974,580 |  |  | 68,961,978 |  |  | 68,966,839 |  |  | 68,952,087 |
Basic earnings per share |  | $ | 2.23 |  |  | $ | 1.68 |  |  | $ | 4.30 |  |  | $ | 3.43 |
Diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per share |  | 68,974,580 |  |  | 68,961,978 |  |  | 68,966,839 |  |  | 68,952,087 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Incentive and equity compensation plans |  | 60,000 |  |  | 78,762 |  |  | 52,541 |  |  | 74,775 |
Weighted average shares outstanding for diluted earnings per share |  | 69,034,580 |  |  | 69,040,740 |  |  | 69,019,380 |  |  | 69,026,862 |
Diluted earnings per share |  | $ | 2.23 |  |  | $ | 1.68 |  |  | $ | 4.30 |  |  | $ | 3.43 |
Restricted stock, if any, is included in the number of shares of Common Stock issued and outstanding but omitted from the basic EPS calculation until the shares of restricted stock vest. Certain stock awards granted are not included in the dilutive securities in the table above as they were anti-dilutive for the three and six months ended June 30, 2026 and 2025.

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