Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings per Share (Tables)

v3.25.4
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows:

Year Ended December 31,
(in thousands, except per share amounts)
 2025 2024 2023
Weighted average common shares outstanding, used in computing basic earnings per share
 54,678  58,333  61,232 
Effect of dilutive stock options and restricted stock units 84  169  192 
Weighted average common shares outstanding, used in computing diluted earnings per share
 54,762  58,502  61,424 
Earnings per share:
Basic $ 3.24  $ 3.83  $ 4.11 
Diluted $ 3.24  $ 3.82  $ 4.09 
Weighted average common shares excluded (1)
2,439  1,932  1,996 
(1) Common stock related to stock options, time-based restricted stock units, market-based restricted stock units, and performance-based restricted stock units were outstanding but were excluded from the computation of diluted EPS because their effect would be anti-dilutive under the treasury stock method or because the shares were subject to performance or market conditions that had not been met.