Earnings Per Common Share (EPS) (Tables)

6 Months Ended

Jun. 30, 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 and six-month periods ended June 30, 2026 and 2025 consisted of the following (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Net income	$	38,803	$	32,581	$	79,798	$	62,728
Average common shares outstanding		59,679		59,140		59,595		59,019
Basic EPS	$	0.65	$	0.55	$	1.34	$	1.06
Average common shares outstanding		59,679		59,140		59,595		59,019
Effect of dilutive stock awards		327		751		415		884
Effect of dilutive convertible notes		—		720		—		1,042
Total potential shares outstanding		60,006		60,611		60,010		60,945
Diluted EPS	$	0.65	$	0.54	$	1.33	$	1.03
Equity awards excluded as the impact was anti-dilutive (1)		1,517		245		1,060		165

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