Earnings per Share

6 Months Ended

Jun. 30, 2025

Earnings per Share

Earnings per Share

14. Earnings per Share

For both the three and six months ended June 30, 2025, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 184,000 antidilutive securities. For the three and six months ended June 30, 2024, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 151,000 and 133,000 antidilutive securities, respectively. For the three and six months ended June 30, 2025 and 2024, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share amounts)	2025		2024		2025		2024
Numerator:
Net income	$	73,247	$	61,921	$	132,495	$	116,141
Denominator:
Basic: weighted-average shares outstanding		125,321,837		127,867,853		125,799,060		127,787,663
Add: weighted-average equity-based awards		511,227		394,741		694,509		492,254
Diluted: weighted-average shares outstanding		125,833,064		128,262,594		126,493,569		128,279,917
Basic earnings per share	$	0.58	$	0.48	$	1.05	$	0.91
Diluted earnings per share	$	0.58	$	0.48	$	1.05	$	0.91