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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Summary of Basic and Diluted EPS | The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to the Company |  | $ | 75,428 |  |  | $ | 16,198 |  |  | $ | 86,976 |  |  | $ | 20,992 |
Less: Earnings allocable to unvested restricted stock |  |  | (1,161 | ) |  |  | (333 | ) |  |  | (1,345 | ) |  |  | (852 | )
Net income attributable to common shareholders |  |  | 74,267 |  |  |  | 15,865 |  |  |  | 85,631 |  |  |  | 20,140 |
Weighted-average basic shares outstanding |  |  | 30,406 |  |  |  | 30,756 |  |  |  | 30,427 |  |  |  | 31,149 |
Net income per share attributable to common shareholders |  | $ | 2.44 |  |  | $ | 0.52 |  |  | $ | 2.81 |  |  | $ | 0.65 |
Diluted earnings per share (1) |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 74,267 |  |  | $ | 15,865 |  |  | $ | 85,631 |  |  | $ | 20,140 |
Dilutive impact of unvested restricted stock |  |  | 214 |  |  |  | — |  |  |  | — |  |  |  | — |
Net income attributable to common shareholders, net of dilutive impact |  |  | 74,481 |  |  |  | 15,865 |  |  |  | 85,631 |  |  |  | 20,140 |
Weighted-average diluted shares outstanding |  |  | 31,313 |  |  |  | 30,756 |  |  |  | 30,851 |  |  |  | 31,151 |
Net income per share attributable to common shareholders |  | $ | 2.38 |  |  | $ | 0.52 |  |  | $ | 2.78 |  |  | $ | 0.65 |
(1) For the three and nine months ended September 30, 2025, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three months ended September 30, 2025, the computation of diluted EPS includes contingently issuable shares related to unvested restricted stock awards calculated under the treasury stock method. For the nine months ended September 30, 2025, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the nine months ended September 30, 2025, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,987,521, including 136,493 contingently issuable shares related to unvested restricted stock awards. For the three and nine months ended September 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and nine months ended September 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and nine months ended September 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,939,827 and 31,223,748, respectively, including 183,851 and 72,521, respectively, contingently issuable shares related to unvested restricted stock awards.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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