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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2026
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:

Three Months Ended March 31, 

 

2026

 

2025

Numerator:

 

  ​

 

  ​

Net income

$

136,382

$

118,487

Denominator (shares in 000's):

 

 

Basic weighted average shares outstanding

 

54,822

 

56,058

Effect of dilutive securities - Stock options and awards

 

495

 

469

Diluted weighted average shares outstanding

 

55,317

 

56,527

Basic earnings per share

$

2.49

$

2.11

Diluted earnings per share

$

2.47

$

2.10

For the three months ended March 31, 2026 and 2025, common shares subject to equity-based awards of 39,570 and 21,704, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.