Earnings Per Share

3 Months Ended

Mar. 31, 2026

The treasury stock method was used to determine earnings per share for the three months ended March 31, 2026 and 2025.

The following table reconciles the numerators and denominators of basic and diluted EPS calculations for the periods presented:




	Three Months Ended March 31,
(in thousands, except share and per share data)		2026			2025
Numerator for Earnings per Share—Basic and Diluted:
Net income—Basic and Diluted			$	35,072		$	33,401

















Denominator for Earnings per Share:
Weighted Average Shares Outstanding—Basic			36,856,572			38,260,746
Add: Potentially dilutive shares			321,316			338,910
Denominator—Diluted			37,177,888			38,599,656







Earnings per share—basic			$	0.95		$	0.87
Earnings per share—diluted			$	0.94		$	0.87

Restricted stock considered anti-dilutive excluded from potentially dilutive shares			142			—