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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Net Income Per Common Share

A summary of net income per common share is presented below:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands, except per share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income

 

$

78,755

 

 

$

62,073

 

 

$

151,700

 

 

$

193,139

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

68,516

 

 

 

69,356

 

 

 

68,591

 

 

 

69,056

 

Effect of dilutive stock options

 

 

215

 

 

 

256

 

 

 

243

 

 

 

246

 

Effect of dilutive restricted stock

 

 

924

 

 

 

989

 

 

 

1,203

 

 

 

1,062

 

Effect of convertible notes

 

 

657

 

 

 

 

 

 

859

 

 

 

 

Diluted weighted-average common shares outstanding

 

 

70,312

 

 

 

70,601

 

 

 

70,896

 

 

 

70,364

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.15

 

 

$

0.89

 

 

$

2.21

 

 

$

2.80

 

Diluted

 

$

1.12

 

 

$

0.88

 

 

$

2.14

 

 

$

2.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive securities excluded from diluted net income per common share

 

 

1,287

 

 

 

845

 

 

 

1,272

 

 

 

1,219