Earnings Per Share Level 1 (Notes)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

Basic earnings per common share (EPS) excludes dilution and is computed by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in our earnings.

A reconciliation of the numerators and denominators of basic and diluted EPS is presented below:

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
	(In thousands, except per share amounts)
Amounts attributable to common stockholders:
Net income — basic and diluted	$	117,473	$	117,827	$	383,218	$	367,294
Weighted average shares:
Weighted average shares — basic	140,318		144,706		142,097		145,421
Stock options	1,045		1,452		1,073		1,499
Restricted share units	61		65		57		58
Weighted average shares — diluted	141,424		146,223		143,227		146,978
Amounts attributable to common stockholders:
Earnings per share:
Basic	$	0.84	$	0.81	$	2.70	$	2.53
Diluted	$	0.83	$	0.81	$	2.68	$	2.50

The computation of diluted EPS excludes outstanding stock options and restricted share units in certain periods in which the inclusion of such equity awards would be antidilutive to the periods presented. Total antidilutive options not currently included in the computation of diluted earnings per share are as follows (in shares):

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
	(In thousands)
Antidilutive options	331	754	623	693