Earnings Per Share

6 Months Ended

Jun. 30, 2026

The treasury stock method was used to determine earnings per share for the three and six months ended June 30, 2026 and 2025. The following table reconciles the numerators and denominators of basic and diluted EPS calculations for the periods presented:




	Three months ended June 30,						Six Months Ended June 30,
(in thousands, except share and per share data)	2026			2025			2026		2025
Numerator for Earnings per Share—Basic and Diluted:
Net income		$	36,643		$	31,900	$	71,715	$	65,301

















Denominator for Earnings per Share:
Weighted Average Shares Outstanding—Basic		35,717,383			38,337,851		36,283,830		38,299,511
Add: Potentially dilutive shares		293,066			299,549		307,191		319,230
Denominator—Diluted		36,010,449			38,637,400		36,591,021		38,618,741







Earnings per share—basic		$	1.03		$	0.83	$	1.98	$	1.71
Earnings per share—diluted		$	1.02		$	0.83	$	1.96	$	1.69

Restricted stock considered anti-dilutive excluded from potentially dilutive shares		76			55		109		28