EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted earnings per common share (“EPS”) for the three months ended March 31, 2026, and 2025, were:

	Three Months Ended March 31,
	2026		2025
	(in thousands, except per share data)
Numerator:
Net income	$	137,556	$	160,103
Denominator:
Weighted average common shares outstanding - basic	50,282		56,110
Plus: Dilutive effect of stock options and unvested restricted stock units	425		392
Weighted average common shares outstanding - diluted	50,707		56,502
Net income per common share:
Basic	$	2.74	$	2.85
Diluted	$	2.71	$	2.83

In the three months ended March 31, 2026, and 2025, an insignificant number of outstanding shares issued under share-based compensation awards were anti-dilutive and therefore excluded from the calculation of diluted EPS.