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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024 (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income | $ | 122,773 |  |  | $ | 76,884 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Weighted average common shares outstanding | 63,843 |  |  | 50,045 |  |  |  |  |
Diluted |  |  |  |  |  |  |
Stock options (1) | 84 |  |  | 74 |  |  |  |  |
Restricted stock units and awards (1) | 215 |  |  | 99 |  |  |  |  |
Contingent shares (2) | — |  |  | 3 |  |  |  |  |
Diluted weighted average common shares outstanding (3) | 64,142 |  |  | 50,221 |  |  |  |  |
Basic earnings per share | $ | 1.92 |  |  | $ | 1.54 |  |  |  |  |
Diluted earnings per share | $ | 1.91 |  |  | $ | 1.53 |  |  |  |  |
(1)A total of 44 thousand and 40 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for three months ended March 31, 2025 and 2024, respectively, as their effect would be anti-dilutive. (2)Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future conditions have been met. (3)The denominator used in calculating diluted earnings per share did not include 239 thousand and 254 thousand PSUs for both the three months ended March 31, 2025, and 2024, respectively. The performance conditions associated with these PSUs were not met and consequently none of these PSUs were considered as issuable for the three months ended March 31, 2025 and 2024.

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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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