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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share The following table summarizes the basic and diluted earnings per share calculations:

 

Three months ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (in thousands)

 

$

39,228

 

 

$

82,586

 

 

$

69,330

 

 

$

108,537

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of shares outstanding

 

 

68,814,125

 

 

 

40,728,902

 

 

 

69,014,146

 

 

 

34,139,548

 

Dilutive effect of equity awards

 

 

451,175

 

 

 

802,076

 

 

 

290,924

 

 

 

1,150,144

 

Diluted weighted average number of shares

 

 

69,265,300

 

 

 

41,530,978

 

 

 

69,305,070

 

 

 

35,289,692

 

Income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.57

 

 

$

2.03

 

 

$

1.00

 

 

$

3.18

 

Diluted

 

$

0.57

 

 

$

1.99

 

 

$

1.00

 

 

$

3.08

 

Potentially dilutive shares excluded as anti-dilutive

 

 

6,490

 

 

 

65,850

 

 

 

12,715

 

 

 

85,649