Earnings per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings per Share

18. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:

	Three Months Ended March 31,
	2026		2025
Earnings from continuing operations	$	238,749	$	239,241
Loss from discontinued operations, net	(316)		(8,420)
Net earnings	$	238,433	$	230,821
Basic earnings per common share:
Earnings from continuing operations	$	1.77	$	1.74
Loss from discontinued operations, net	$	—	$	(0.06)
Net earnings	$	1.77	$	1.68
Weighted average shares outstanding	134,977,000		137,267,000
Diluted earnings per common share:
Earnings from continuing operations	$	1.76	$	1.73
Loss from discontinued operations, net	$	—	$	(0.06)
Net earnings	$	1.75	$	1.67
Weighted average shares outstanding	135,895,000		138,260,000

The following table is a reconciliation of the share amounts used in computing earnings per share:

	Three Months Ended March 31,
	2026	2025
Weighted average shares outstanding - basic	134,977,000	137,267,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	918,000	993,000
Weighted average shares outstanding - diluted	135,895,000	138,260,000

Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of SARs and vesting of performance shares and RSUs, as determined using the treasury stock method.

The number of anti-dilutive potential common shares excluded from the calculation above were approximately 60,000 and 42,000 for the three months ended March 31, 2026 and 2025, respectively.