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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock; however, potential common equivalent shares are excluded if the effect of including these shares would be anti-dilutive. The Company’s two classes of common stock, Class A and Class B non-voting, have equal rights to dividends and income, and therefore, basic and diluted earnings per share are the same for each class of common stock. As of June 30, 2025, the Company did not have any Class B non-voting common stock outstanding.    

Diluted earnings per share takes into account the vesting of restricted stock units using the treasury stock method. For the three and six months ended June 30, 2025, and 2024, the Company did not exclude any potentially dilutive securities, whose effect would
have been anti-dilutive, from the computation of diluted earnings per share. The Company excluded 1,033,419 and 1,064,633 shares related to restricted stock units for which the performance metric had yet to be achieved as of June 30, 2025 and 2024, respectively.

The following table sets forth the reconciliation of basic and diluted earnings per share:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(in thousands, except share and per share)
Basic earnings per share:
Numerator
Net income$385,167 $102,946 $761,000 $210,812 
Preferred stock dividends(11,081)(12,508)(22,163)(22,933)
Net income attributable to common stockholders$374,086 $90,438 $738,837 $187,879 
Denominator
Weighted-average common shares outstanding111,762,758 111,372,434 111,656,919 111,273,514 
Basic earnings per share$3.35 $0.81 $6.62 $1.69 
Diluted earnings per share:
Numerator
Net income$385,167 $102,946 $761,000 $210,812 
Preferred stock dividends(11,081)(12,508)(22,163)(22,933)
Net income attributable to common stockholders$374,086 $90,438 $738,837 $187,879 
Denominator
Number of shares used in basic computation111,762,758111,372,434111,656,919111,273,514
Weighted-average effect of dilutive securities470,468 368,387534,552439,205
Number of shares used in per share computation112,233,226 111,740,821 112,191,471 111,712,719 
Diluted earnings per share$3.33 $0.81 $6.59 $1.68