Earnings Per Common Share (EPS) (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Common Share (EPS)

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the three-month periods ended March 31, 2026 and 2025 consisted of the following (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2026		2025
Net income	$	40,995	$	30,147
Average common shares outstanding		59,510		58,897
Basic EPS	$	0.69	$	0.51
Average common shares outstanding		59,510		58,897
Effect of dilutive stock awards		503		1,018
Effect of dilutive convertible notes		—		1,363
Total potential shares outstanding		60,013		61,278
Diluted EPS	$	0.68	$	0.49
Equity awards excluded as the impact was anti-dilutive (1)		597		84

(1) Does not reflect the impact of incremental repurchases under the treasury stock method.