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Earnings per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings per Share | 3. EARNINGS PER SHARE Earnings per share is computed as follows:
|  | For the Three Months Ended June 30, |
|  | 2025 |  |  | 2024 |
|  | Net Income |  |  | Shares |  |  | Per Share Amount |  |  | Net Income |  |  | Shares |  |  | Per Share Amount |
|  | (In thousands, except per share amounts) |
Basic earnings per share |  | $ | 80,108 |  |  |  | 54,991 |  |  | $ | 1.46 |  |  | $ | 91,124 |  |  |  | 61,890 |  |  | $ | 1.47 |
Effect of dilutive incentive-based awards |  |  |  |  |  | 420 |  |  |  |  |  |  |  |  |  | 378 |  |  |  |
Diluted earnings per share |  | $ | 80,108 |  |  |  | 55,411 |  |  | $ | 1.45 |  |  | $ | 91,124 |  |  |  | 62,268 |  |  | $ | 1.46 |
|  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
|  | Net Income |  |  | Shares |  |  | Per Share Amount |  |  | Net Income |  |  | Shares |  |  | Per Share Amount |
|  | (In thousands, except per share amounts) |
Basic earnings per share |  | $ | 63,975 |  |  |  | 55,005 |  |  | $ | 1.16 |  |  | $ | 79,923 |  |  |  | 62,953 |  |  | $ | 1.27 |
Effect of dilutive incentive-based awards |  |  |  |  |  | 431 |  |  |  |  |  |  |  |  |  | 535 |  |  |  |
Diluted earnings per share |  | $ | 63,975 |  |  |  | 55,436 |  |  | $ | 1.15 |  |  | $ | 79,923 |  |  |  | 63,488 |  |  | $ | 1.26 |
Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period (excluding treasury stock and unvested restricted stock awards). Unvested restricted stock awards are eligible to receive dividends, if any; however, dividend rights will be forfeited if the award does not vest. Accordingly, only vested shares of formerly restricted stock are included in the calculation of basic earnings per share. The weighted average number of repurchased shares during the period, if any, which are held as treasury stock, are excluded from shares of common stock outstanding. Diluted earnings per share is determined using the treasury stock method based on the dilutive effect of unvested restricted stock awards and certain shares of common stock that are issuable upon exercise of stock options. During the three and six months ended June 30, 2025, there were approximately 686,000 and 671,000 anti-dilutive shares excluded from the computation of diluted earnings per share, respectively. During the three and six months ended June 30, 2024, there were approximately 524,000 and 513,000 anti-dilutive shares excluded from the computation of diluted earnings per share, respectively. The Company’s outstanding performance-vesting restricted awards of approximately 397,000 and 594,000 as of June 30, 2025 and 2024, respectively, are considered contingently issuable shares and are excluded from the calculation of diluted earnings per share until the performance measure criteria is met as of the end of the reporting period.

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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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