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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

51,770

 

 

$

40,553

 

 

$

188,113

 

 

$

216,620

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

107,244,573

 

 

 

108,258,401

 

 

 

107,217,689

 

 

 

108,529,825

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock appreciation rights and options

 

 

31,206

 

 

 

38,602

 

 

 

31,002

 

 

 

54,679

 

Restricted stock

 

 

56,862

 

 

 

82,413

 

 

 

55,852

 

 

 

74,614

 

Diluted weighted average shares outstanding

 

 

107,332,641

 

 

 

108,379,416

 

 

 

107,304,543

 

 

 

108,659,118

 

Basic earnings per share

 

$

0.48

 

 

$

0.37

 

 

$

1.75

 

 

$

2.00

 

Diluted earnings per share

 

$

0.48

 

 

$

0.37

 

 

$

1.75

 

 

$

1.99

 

Antidilutive Securities Excluded from Computation of Earnings Per Share The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Stock appreciation rights

 

 

145,249

 

 

 

70,979

 

 

 

141,199

 

 

 

66,387

 

Restricted stock

 

 

31,053

 

 

 

51,001

 

 

 

72,016

 

 

 

33,199