Computation of Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share Calculations

The table below sets forth the calculation of basic and diluted income per share for the periods indicated (in thousands, except per share data).

	Three Months Ended
	March 31,
	2026		2025
Numerator:
Net income used for calculating basic and diluted income per share	$	222,344	$	210,939
Denominator:
Weighted average common shares used in the calculation of basic income per share	69,796		77,357
Dilutive effect of outstanding awards associated with stock-based compensation plans (1)	169		433
Shares used in the calculation of diluted income per share	69,965		77,790
Basic income per share	$	3.19	$	2.73
Diluted income per share	$	3.18	$	2.71

(1)Certain outstanding awards associated with stock-based compensation plans were not included in the computation of diluted income per share because the effect would have been anti-dilutive. These anti-dilutive outstanding awards associated with stock-based compensation plans was 0.8 million and 0.2 million for the three months ended March 31, 2026 and March 31, 2025, respectively.