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Earnings Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The numerator used in the calculation of both basic and diluted earnings per share is net income. The denominator used in the calculation of basic earnings per share is the weighted-average number of shares outstanding during the period. The denominator used in the calculation of diluted earnings per share is derived by adjusting basic shares outstanding for the dilutive effect of potential shares outstanding, which consist of time- and performance-based stock awards and employee stock purchase plan shares.
The following includes the computation of the denominator for basic and diluted weighted-average shares outstanding for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Weighted-Average Common Shares Outstanding – Basic41,877 41,800 41,859 41,770 
Effect of Dilutive Securities:
Stock Performance Awards164 188 150 199 
Restricted Stock Awards94 91 95 97 
Employee Stock Purchase Plan
3 2 
Dilutive Effect of Potential Common Shares261 281 247 298 
Weighted-Average Common Shares Outstanding – Diluted42,138 42,081 42,106 42,068 
The number of shares excluded from diluted weighted-average common shares outstanding because such shares were anti-dilutive was not material for the three and nine months ended September 30, 2025 and 2024