Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2025

The following table reconciles basic and diluted earnings per common share for the three and nine months ended September 30, 2025 and 2024:


	For the Three Months Ended				For the Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
	(In thousands, except per share amounts)
Basic:
Net income	$	278,358	$	372,376	$	291,390	$	400,955
Weighted-average number of common shares	315,834		339,059		322,255		342,707
Basic net income per common share	$	0.88	$	1.10	$	0.90	$	1.17

Diluted:
Net income	$	278,358	$	372,376	$	291,390	$	400,955
Weighted-average number of common shares	315,834		339,059		322,255		342,707
Dilutive share-based awards (a)	2,234		2,157		2,874		2,673
Weighted-average number of common and potential common shares	318,068		341,216		325,129		345,380
Diluted net income per common share	$	0.88	$	1.09	$	0.90	$	1.16

(a)For the three and nine months ended September 30, 2025, share-based awards totaling 5.3 million and 6.3 million, respectively, were excluded from the calculation of diluted net income per common share because their effect would be antidilutive. For the three and nine months ended September 30, 2024, share-based awards totaling 6.9 million and 7.7 million, respectively, were excluded from the calculation of diluted net income per common share because their effect would be antidilutive.