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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share was as follows:

			Three Months Ended
			March 31,
(in thousands, except per share amounts)			2025						2024
Numerator:
Net income			$	44,534					$	31,009
Income allocated to participating securities			(219)						(158)
Net income available to common shareholders			$	44,315					$	30,851
Denominator:
Weighted average shares of common stock outstanding – basic			46,494						49,302
Basic earnings per share			$	0.95					$	0.63
Numerator:
Net income			$	44,534					$	31,009
Income allocated to participating securities			(219)						(158)
Net income available to common shareholders			$	44,315					$	30,851
Denominator:
Weighted average shares of common stock outstanding – basic			46,494						49,302
Dilutive effect of stock options, PVRSUs, and RSUs			629						338
Weighted average shares of common stock outstanding – diluted			47,123						49,640
Diluted earnings per share			$	0.94					$	0.62

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculation of the diluted weighted average shares of common stock outstanding because the inclusion of these securities would have an anti-dilutive effect:

			Three Months Ended
			March 31,
(in thousands)			2025						2024
Stock options			137						231
PVRSUs			—						49

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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