| Earnings Per Share The following table reconciles the weighted average shares of Common Stock outstanding for the basic earnings per share calculation to the weighted average shares of Common Stock outstanding for the diluted earnings per share calculation: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income | $ | 46,973 | | | $ | 47,939 | | | $ | 75,096 | | | $ | 90,994 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average shares outstanding – basic | 181,012 | | | 182,468 | | | 181,005 | | | 183,071 | | | Dilutive effect of outstanding securities: | | | | | | | | | RSAs | 31 | | | 20 | | | 32 | | | 21 | | | Time-based RSUs | 252 | | | 11 | | | 153 | | | 50 | | | Performance-based RSUs | 248 | | | 412 | | | 227 | | | 556 | | | Stock options | 266 | | | 528 | | | 225 | | | 669 | | | Weighted average shares outstanding – dilutive | 181,809 | | | 183,439 | | | 181,642 | | | 184,367 | |
The following potential shares of Common Stock were excluded from the computation of dilutive EPS: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | RSAs | 44 | | | — | | | 22 | | | — | | | Time-based RSUs | 379 | | | 634 | | | 919 | | | 601 | | | Performance-based RSUs | 1,413 | | | 968 | | | 1,443 | | | 989 | | | Stock options | — | | | — | | | 160 | | | — | | | Total shares | 1,836 | | | 1,602 | | | 2,544 | | | 1,590 | |
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