Earnings Per Common Share

3 Months Ended

Mar. 31, 2026

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, and unvested stock options. The table below reconciles the weighted-average basic and diluted common shares outstanding:

	Three Months Ended March 31,
	2026		2025
	(in thousands, except for per share amounts)
Numerator for basic and diluted earnings per share:
Net income	$	26,060	$	17,228
Denominator
Weighted average number of common shares outstanding - basic	69,860		73,670
Effect of dilutive securities1	1,189		291
Weighted average number of common shares outstanding - diluted	71,049		73,961
Basic earnings per share:	$	0.37	$	0.23
Diluted earnings per share:	$	0.37	$	0.23

1.Certain outstanding equity awards are anti-dilutive and therefore 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 March 31,
	2026	2025
	(in thousands)
Anti-dilutive equity awards	1,235	3,518