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NET INCOME PER COMMON SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE NET INCOME PER COMMON SHARE
Basic earnings per common share is calculated based on the weighted average number of common shares outstanding during the period, including vested shares deferred under our non-qualified deferred compensation plan. Diluted earnings per common share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net income attributable to common stockholders per common share is determined using net income attributable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts). The number of antidilutive securities that could potentially dilute basic earnings per share (“EPS”) in the future but were not included in the computation of diluted EPS because to do so would be antidilutive was 801,022 and 226,397 shares, respectively for the three- and six-months ended June 30, 2025. For the three- and six-months ended June 30, 2024, there were 363,426 and 141,988 antidilutive shares, respectively.
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Basic net income attributable to common stockholders per share:
Net income attributable to common stockholders$(9,589)$28,958 $221,352 $47,125 
Weighted average common shares outstanding41,753 44,896 42,231 45,139 
Basic net income attributable to common stockholders per share$(0.23)$0.65 $5.24 $1.04 
Diluted net income attributable to common stockholders per share:
Net income attributable to common stockholders$(9,589)$28,958 $221,352 $47,125 
Weighted average common shares outstanding41,753 44,896 42,231 45,139 
Dilutive stock options and restricted stock— 469 227 612 
Diluted weighted average common shares outstanding41,753 45,365 42,458 45,751 
Diluted net income attributable to common stockholders per share$(0.23)$0.64 $5.21 $1.03