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Earnings per Share
 9 Months Ended
Sep. 30, 2025
Earnings per Share  
Earnings per Share

14. Earnings per Share

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For both the three and nine months ended September 30, 2025, the Company made no adjustments to net income for the purpose of computing earnings per share and there were nil and 1,000 antidilutive securities, respectively. For the three and nine months ended September 30, 2024, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and nine months ended September 30, 2025 and 2024, the computations of basic and diluted earnings per share were as follows:

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

(dollars in thousands, except shares and per share amounts)

  

2025

  

2024

  

2025

  

2024

Numerator:

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Net income

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$

73,840

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$

61,492

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$

206,335

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$

177,633

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Denominator:

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Basic: weighted-average shares outstanding

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124,267,090

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127,886,167

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125,282,792

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127,820,737

Add: weighted-average equity-based awards

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703,808

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617,868

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694,479

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541,696

Diluted: weighted-average shares outstanding

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124,970,898

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128,504,035

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125,977,271

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128,362,433

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Basic earnings per share

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$

0.59

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$

0.48

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$

1.65

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$

1.39

Diluted earnings per share

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$

0.59

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$

0.48

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$

1.64

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$

1.38

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