v3.26.1
Earnings per Share
6 Months Ended
Jun. 30, 2026
Earnings per Share  
Earnings per Share

13. Earnings per Share

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For the three and six months ended June 30, 2026, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For both the three and six months ended June 30, 2025, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 184,000 antidilutive securities. For the three and six months ended June 30, 2026 and 2025, the computations of basic and diluted earnings per share were as follows:

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Three Months Ended June 30, 

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Six Months Ended June 30, 

(dollars in thousands, except shares and per share amounts)

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2026

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2025

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2026

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2025

Numerator:

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Net income

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$

73,375

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$

73,247

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$

141,159

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$

132,495

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Denominator:

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Basic: weighted-average shares outstanding

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121,669,238

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125,321,837

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122,061,243

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125,799,060

Add: weighted-average equity-based awards

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670,598

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511,227

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768,895

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694,509

Diluted: weighted-average shares outstanding

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122,339,836

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125,833,064

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122,830,138

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126,493,569

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Basic earnings per share

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$

0.60

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$

0.58

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$

1.16

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$

1.05

Diluted earnings per share

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$

0.60

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$

0.58

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$

1.15

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$

1.05

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