Earnings per share

9 Months Ended

Sep. 30, 2025

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per share is computed by dividing net income by the total of the weighted average number of shares of common stock outstanding during the applicable period, plus the effect of non-vested performance share awards and restricted stock units. Net income was the same for both the basic and diluted earnings per share calculations. A reconciliation of the weighted average common shares outstanding used in the basic and diluted earnings per share calculations follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In thousands, except per share amounts)
Weighted average common shares outstanding - basic	204,331		203,888		204,269		203,852
Effect of dilutive performance share awards and restricted stock units	954		790		884		599
Weighted average common shares outstanding - diluted	205,285		204,678		205,153		204,451
Earnings per share - basic:
Income from continuing operations	$	.09	$	.08	$	.56	$	.54
Discontinued operations, net of tax	—		.24		—		.57
Earnings per share - basic	$	.09	$	.32	$	.56	$	1.11
Earnings per share - diluted:
Income from continuing operations	$	.09	$	.08	$	.56	$	.54
Discontinued operations, net of tax	—		.24		—		.57
Earnings per share - diluted	$	.09	$	.32	$	.56	$	1.11
Shares excluded from the calculation of diluted earnings per share	—		—		—		—
Dividends declared per common share	$	.1400	$	.1300	$	.4000	$	.3800