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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company presents basic and diluted earnings per share for its common stock. Basic earnings per share is calculated by dividing the net income of the Company by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined by adjusting the profit or loss and the weighted average number of shares of common stock outstanding for the effects of all potentially dilutive securities.
The earnings are used as the basis of determining whether the inclusion of common stock equivalents would be anti-dilutive. The computation of diluted shares for the three and six months ended June 30, 2025 and 2024 includes the effect of shares that would be issued in connection with warrants, stock options, restricted stock awards and performance stock unit awards, as these common stock equivalents are dilutive to the earnings per share recorded in those periods.
The following table presents the Company’s common stock equivalents that were excluded from the calculation of earnings per share as they would be anti-dilutive:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Stock option awards459,133 850,489 698,775 866,612 
Restricted stock awards191,393 429,782 658,340 431,444 
Performance stock unit awards633 331,370 293,010 246,157 
The following table presents the Company’s basic earnings per share and shares outstanding (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator:
Net income$50,523 $53,043 $97,265 $97,834 
Denominator:
Weighted average number of common shares outstanding162,931 172,927 164,188 173,428 
Earnings per common share:
Earnings per common share, basic$0.31 $0.31 $0.59 $0.56 
The following table presents the Company’s diluted earnings per share and shares outstanding (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Numerator:
Net income$50,523 $53,043 $97,265 $97,834 
Denominator:
Weighted average number of common shares outstanding162,931 172,927 164,188 173,428 
Effect of dilutive securities1,202 1,163 1,214 1,403 
Weighted average number of common shares outstanding, diluted164,133 174,090 165,402 174,831 
Earnings per common share:
Earnings per common share, diluted$0.31 $0.30 $0.59 $0.56