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Net Income Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Computations of Basic and Diluted Income (Loss) Per Common Share | The following sets forth a reconciliation of net income to basic net income attributable to common shareholders to diluted net income attributable to common shareholders (in thousands, except per share amounts):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income, as reported | $ | 144,307 |  |  | $ | 50,656 |  |  | $ | 478,937 |  |  | $ | 171,498 |
Participating earnings (a) |  | (161 | ) |  |  | (170 | ) |  |  | (1,081 | ) |  |  | (922 | )
Basic net income attributed to common shareholders |  | 144,146 |  |  |  | 50,486 |  |  |  | 477,856 |  |  |  | 170,576 |
Reallocation of participating earnings (a) |  | 1 |  |  |  | 1 |  |  |  | 7 |  |  |  | 5 |
Diluted net income attributed to common shareholders | $ | 144,147 |  |  | $ | 50,487 |  |  | $ | 477,863 |  |  | $ | 170,581 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.61 |  |  | $ | 0.21 |  |  | $ | 2.00 |  |  | $ | 0.71 |
Diluted | $ | 0.60 |  |  | $ | 0.21 |  |  | $ | 1.99 |  |  | $ | 0.70 |
(a) Restricted Stock Liability Awards (discussed in Note 9) represent participating securities because they participate in non-forfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.
Basic Weighted Average Common Shares Outstanding and Diluted Weighted Average Common Shares Outstanding | The following details weighted average common shares outstanding and diluted weighted average common shares outstanding (in thousands):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Weighted average common shares outstanding – basic |  | 237,378 |  |  |  | 240,865 |  |  |  | 238,523 |  |  |  | 240,832 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Director and employee restricted stock and performance-based equity awards |  | 1,648 |  |  |  | 1,758 |  |  |  | 1,732 |  |  |  | 1,970 |
Weighted average common shares outstanding – diluted |  | 239,026 |  |  |  | 242,623 |  |  |  | 240,255 |  |  |  | 242,802 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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