XML 22 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Earnings per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of shares of common stock outstanding, including participating securities. Our participating securities are comprised of vested restricted stock and restricted stock units (“RSUs”) with non-forfeitable rights to dividends. Diluted EPS includes the components of basic EPS and also gives effect to dilutive common stock equivalents. The determination of whether components are dilutive is calculated independently for each period. We calculate diluted EPS using the treasury stock method which reflects the potential dilution that could occur if unvested RSUs result in the issuance of common stock.

Table 4.1 reconciles the numerators and denominators used to calculate basic and diluted EPS.
Earnings Per Share
Table
4.1
 Three Months Ended March 31,
($ in thousands, except per share data)
20262025
Net income - basic and diluted
$165,303 $185,460 
Basic weighted average common shares outstanding
216,135 244,147 
Dilutive effect of unvested RSUs
2,051 2,343 
Diluted weighted average common shares outstanding
218,186 246,490 
Earnings per share:
Basic earnings per share
$0.76 $0.76 
Diluted earnings per share$0.76 $0.75