Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income available to common shareholders	$	75,909	$	86,998	$	136,343	$	176,068
Denominator:
Basic weighted average shares outstanding		107,227,128		108,693,887		107,204,024		108,667,028
Effect of dilutive securities:
Stock appreciation rights and options		27,256		54,233		30,900		62,718
Restricted stock		41,819		62,176		55,348		73,335
Diluted weighted average shares outstanding		107,296,203		108,810,296		107,290,272		108,803,081
Basic earnings per share	$	0.71	$	0.80	$	1.27	$	1.62
Diluted earnings per share	$	0.71	$	0.80	$	1.27	$	1.62

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Stock appreciation rights		149,278		73,050		139,174		64,091
Restricted stock		92,201		—		92,498		24,299