Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Net Income Per Share, Basic and Diluted

The calculation of basic and diluted net income per share is as follows.

Net income per share
	Three Months Ended March 31,
(In thousands, except per-share amounts)	2025		2024
Net income—basic and diluted	$	144,558	$	152,354
Average common shares outstanding—basic		145,618		153,817
Dilutive effect of share-based compensation arrangements (1)		2,109		2,154
Adjusted average common shares outstanding—diluted		147,727		155,971
Net income per share
Basic	$	0.99	$	0.99
Diluted	$	0.98	$	0.98

(1)The following number of shares of our common stock equivalents issued under our share-based compensation arrangements are not included in the calculation of diluted net income per share because their effect would be anti-dilutive.

	Three Months Ended March 31,
(In thousands)	2025		2024
Shares of common stock equivalents		24		—