Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share, Basic and Diluted

Table 4.1 reconciles basic and diluted EPS amounts:

Earnings Per Share
Table	4.1
		Years Ended December 31,
(In thousands, except per share data)		2025		2024		2023
Basic earnings per share:
Net income		$	738,347	$	762,994	$	712,949
Weighted average common shares outstanding - basic		232,975		261,684		283,605
Basic earnings per share		$	3.17	$	2.92	$	2.51
Diluted earnings per share:
Net Income		$	738,347	$	762,994	$	712,949
Interest expense, net of tax (1):
9% Debentures		—		—		1,026
Diluted income available to common shareholders		$	738,347	$	762,994	$	713,975
Weighted-average shares - basic		232,975		261,684		283,605
Effect of dilutive securities:
Unvested restricted stock units		2,124		2,311		2,427
9% Debentures		—		—		1,123
Weighted average common shares outstanding - diluted		235,099		263,995		287,155
Diluted income per share		$	3.14	$	2.89	$	2.49

(1) Interest expense has been tax effected at a rate of 21%.