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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
(In Thousands, Except Share and Per Share Data)
Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented:
 
Three Months Ended
 March 31,
 20262025
Basic
Net income applicable to common stock$88,228 $41,518 
Average common shares outstanding93,693,615 63,664,419 
Net income per common share - basic$0.94 $0.65 
Diluted
Net income applicable to common stock$88,228 $41,518 
Average common shares outstanding93,693,615 63,664,419 
Effect of dilutive stock-based compensation534,728 361,606 
Average common shares outstanding - diluted94,228,343 64,026,025 
Net income per common share - diluted$0.94 $0.65 


Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:
Three Months Ended
 March 31,
 20262025
Number of shares—500