Net Income Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The calculation of net income per share for the three and nine months ended September 30, 2025 and 2024, is reflected in the following table (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net income	$	42,916	$	65,451	$	101,234	$	197,308
Basic:
Weighted average shares	99,897		102,175		100,321		103,034
Diluted:
Weighted average shares	99,897		102,175		100,321		103,034
Dilutive effect of potential common shares	144		218		208		337
Diluted weighted average shares	100,041		102,393		100,529		103,371
Net income per share:
Basic	$	0.43	$	0.64	$	1.01	$	1.91
Diluted	$	0.43	$	0.64	$	1.01	$	1.91