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Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following is a computation of basic and diluted earnings per common share for the periods indicated: 

			Three Months Ended
(in thousands, except per share data)			March 31, 2025						March 31, 2024
Net income			$	86,609					$	124,080
Weighted average number of common shares outstanding - basic			208,800						208,260
Effect of potentially dilutive common shares (1)			1,223						696
Weighted average number of common shares outstanding - diluted			210,023						208,956
Earnings per common share:
Basic			$	0.41					$	0.60
Diluted			$	0.41					$	0.59

(1) Represents the effect of the assumed vesting of non-participating restricted shares based on the treasury stock method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table represents the weighted average outstanding restricted stock awards and units that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:

Three Months Ended

(in thousands)

March 31, 2025

March 31, 2024

Restricted stock awards and units

158

601

X

- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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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

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