XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share
Note 14—Earnings Per Common Share

Basic and diluted earnings per common share are computed by dividing net income by the weighted-average number of basic and diluted common shares outstanding, respectively. The weighted-average number of diluted common shares includes the impact of dilutive securities, including outstanding stock options, RSUs, PSUs and DSUs. The table below reconciles the weighted-average basic and diluted common shares outstanding:


Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in thousands, except for per share amounts)
Numerator for basic and diluted earnings per share:
Net income$42,953 $14,030 $27,815 $27,551 
Denominator
Weighted average number of common shares outstanding - basic72,237 73,687 73,019 73,822 
Effect of dilutive securities1
729 239 486 185 
Weighted average number of common shares outstanding - diluted72,966 73,926 73,505 74,007 
Basic earnings per share:$0.59 $0.19 $0.38 $0.37 
Diluted earnings per share:$0.59 $0.19 $0.38 $0.37 
1.Certain outstanding equity awards are anti-dilutive and therefore were excluded from the calculation of the weighted average number of diluted common shares outstanding.

Anti-dilutive outstanding equity awards under share-based compensation plans were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in thousands)
Anti-dilutive equity awards2,230 2,935 2,817 2,874