Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(In thousands, except per-share amounts)	2025		2024		2025		2024
Net income—basic and diluted	$	141,796	$	151,903	$	286,354	$	304,257
Average common shares outstanding—basic		137,376		153,110		141,910		153,879
Dilutive effect of share-based compensation arrangements (1)		984		1,289		1,102		1,392
Adjusted average common shares outstanding—diluted		138,360		154,399		143,012		155,271
Net income per share
Basic	$	1.03	$	0.99	$	2.02	$	1.98
Diluted	$	1.02	$	0.98	$	2.00	$	1.96

(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 June 30,				Six Months Ended June 30,
(In thousands)	2025		2024		2025		2024
Shares of common stock equivalents		2		64		1		39