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Income Per Common Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Income Per Common Share

2. INCOME PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

Amount

 

 

Per Share
Amount

 

 

Amount

 

 

Per Share
Amount

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

 

(Amounts in thousands, except per share data)

 

Net income

 

$

135,155

 

 

 

 

 

$

111,602

 

 

 

 

 

$

265,380

 

 

 

 

 

$

222,028

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

95,277

 

 

$

1.42

 

 

 

95,765

 

 

$

1.17

 

 

 

95,271

 

 

$

2.79

 

 

 

94,735

 

 

$

2.34

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

95,277

 

 

$

1.42

 

 

 

95,765

 

 

$

1.17

 

 

 

95,271

 

 

$

2.79

 

 

 

94,735

 

 

$

2.34

 

There were no stock options outstanding at June 30, 2025 or exercisable during the three and six months ended June 30, 2025 or 2024 that would have had an anti-dilutive effect on the above computation.