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INCOME PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
INCOME PER SHARE  
Weighted Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

Numerator:

Net income available to common stockholders

$

34,886

$

59,011

$

169,600

$

202,872

Net income attributable to noncontrolling interest in OEG

 

987

 

997

 

3,792

3,688

Net income available to common stockholders - if-converted method

$

35,873

$

60,008

$

173,392

$

206,560

 

 

 

 

Denominator:

Weighted average shares outstanding - basic (1)

63,000

59,900

61,435

59,845

Effect of dilutive equity-based compensation

166

223

184

287

Effect of dilutive put rights

 

4,169

 

3,778

 

3,844

 

3,403

Weighted average shares outstanding - diluted (1)

 

67,335

 

63,901

 

65,463

 

63,535

Basic income per share available to common stockholders

$

0.55

$

0.99

$

2.76

$

3.39

Diluted income per share available to common stockholders

$

0.53

$

0.94

$

2.65

$

3.25

(1)Outstanding shares for the 2025 periods include the issuance of approximately 3.0 million shares of the Company’s common stock in May 2025.