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Net Income Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income Per Common Share | The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the three and six months ended June 30, 2025 and 2024. Diluted net income per common share incorporates the potential impact of contingently issuable shares, including awards which require future service and meeting certain performance and market metrics as a condition of delivery of the underlying common stock.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share data) | 2025 |  | 2024 |  | 2025 |  | 2024
Basic Net Income (Loss) Per Common Share: |  |  |  |  |  |  |
Net income (loss) available to common shareholders | $ | 206,320 |  |  | $ | (23,741) |  |  | $ | 390,011 |  |  | $ | 91,081 |
Weighted average common shares outstanding | 138,891 |  |  | 145,565 |  |  | 139,783 |  |  | 145,998 |
Net income (loss) per common share, basic | $ | 1.49 |  |  | $ | (0.16) |  |  | $ | 2.79 |  |  | $ | 0.62 |
Diluted Net Income (Loss) Per Common Share: |  |  |  |  |  |  |
Net income (loss) available to common shareholders | $ | 206,320 |  |  | $ | (23,741) |  |  | $ | 390,011 |  |  | $ | 91,081 |
Weighted average common shares outstanding | 138,891 |  |  | 145,565 |  |  | 139,783 |  |  | 145,998 |
Effect of dilutive outstanding equity-based awards(1) | 611 |  |  | — |  |  | 987 |  |  | 570 |
Weighted average diluted common shares | 139,502 |  |  | 145,565 |  |  | 140,770 |  |  | 146,568 |
Net income (loss) per common share, diluted | $ | 1.48 |  |  | $ | (0.16) |  |  | $ | 2.77 |  |  | $ | 0.62 |
(1) Due to the net loss attributable to common shareholders for the three months ended June 30, 2024, there were no dilutive shares included in the diluted net loss per common calculation; as such shares would have been anti-dilutive.

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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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