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Earnings per Share ("EPS")
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share ("EPS") Earnings per Share ("EPS")
Basic EPS of Class A common stock is computed by dividing net income by the weighted average number of shares of Class A common stock outstanding during the period (which does not include treasury stock). Diluted EPS of Class A common stock is computed similarly to basic EPS except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury stock method, if dilutive. The Company’s restricted/performance stock units are considered common stock equivalents for this purpose.
Basic and diluted EPS of Class A common stock have been computed as follows (in thousands, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator:
Net income - basic and diluted$13,855 $11,802 $13,573 $16,576 
Denominator:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Weighted average shares of Class A common stock outstanding - basic167,286 169,991 167,124 170,136 
Effect of dilutive securities:
Restricted / performance stock units276 109 114 116 
Weighted average shares of Class A common stock outstanding - diluted167,562 170,100 167,238 170,252 
Earnings per share of Class A common stock - basic$0.08 $0.07 $0.08 $0.10 
Earnings per share of Class A common stock - diluted$0.08 $0.07 $0.08 $0.10