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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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2025

 

2024

 

2025

 

2024

Numerator:

 

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Net income

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$

143,396

​

$

101,708

​

$

261,883

​

$

225,123

Denominator (shares in 000's):

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​

​

 

​

​

 

​

​

 

​

Basic weighted average shares outstanding

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55,545

​

 

56,816

​

 

55,801

​

 

56,841

Effect of dilutive securities - Stock options and awards

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423

​

 

550

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441

​

 

664

Diluted weighted average shares outstanding

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55,968

​

 

57,366

​

 

56,242

​

 

57,505

Basic earnings per share

​

$

2.58

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$

1.79

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$

4.69

​

$

3.96

Diluted earnings per share

​

$

2.56

​

$

1.77

​

$

4.66

​

$

3.91

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For the three months ended June 30, 2025 and 2024, common shares subject to equity-based awards of 27,376 and 25,472, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2025 and 2024, common shares subject to equity-based awards of 33,692 and 18,008, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.