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Earnings Per Share | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3— Earnings Per Share The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share. Basic earnings per share is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share is calculated under the treasury stock method and takes into account the potential dilution that could occur if securities, including stock options and RSUs or other contracts to issue common stock were exercised and converted into common stock. The calculation of weighted-average common shares outstanding during each respective period includes activity related to share repurchases made under the Company’s share repurchase programs, as discussed further in Note 11, “Shareholders’ Equity”. The following tables show the Company’s earnings per share for the periods presented:
|  | Year ended December 31,
|  | 2025 |  | 2024 |  | 2023
|  | (Dollars in thousands except per share data)
Net income |  | $ | 228,213 |  | $ | 217,540 |  | $ | 192,296
Weighted average shares - basic |  |  | 45,770,549 |  |  | 50,063,620 |  |  | 54,506,065
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Common stock options and RSUs |  |  | 651,123 |  |  | 649,520 |  |  | 547,432
Weighted average shares - diluted |  |  | 46,421,672 |  |  | 50,713,140 |  |  | 55,053,497
Basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Net income per share - basic |  | $ | 4.99 |  | $ | 4.35 |  | $ | 3.52
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Common stock options and RSUs |  |  | (0.07) |  |  | (0.06) |  |  | (0.03)
Net income per share - diluted |  | $ | 4.92 |  | $ | 4.29 |  | $ | 3.49
Included in the computation of diluted shares: |  |  |  |  |  |  |  |  |
Stock options with exercise price below average market price |  |  |  |  |  |  |  |  |
Share count |  |  | 368,293 |  |  | 565,104 |  |  | 465,104
Minimum exercise price |  | $ | 8.57 |  | $ | 6.87 |  | $ | 6.87
Maximum exercise price |  | $ | 43.89 |  | $ | 30.32 |  | $ | 18.81
Excluded from the computation of diluted shares: Antidilutive securities |  |  |  |  |  |  |  |  |
Outstanding stock-based compensation awards |  |  | 32,624 |  |  | 103,189 |  |  | 157,573

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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