Schedule of Earnings (Loss) Per Share, Basic |
The following tables set forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | | | 2024 | | 2023 | | 2024 | | 2023 | | | | | | | | | | | | | | | | | | (In thousands, except share data) | Basic earnings per share: | | | | | | | | | | | | Net income | $ | 54,905 | | | $ | 39,979 | | | $ | 111,068 | | | $ | 68,699 | | | | | | Allocation of net income to common stockholders: | Common stock | $ | 54,905 | | | $ | 39,891 | | | $ | 111,068 | | | $ | 68,537 | | | | | | Unvested participating shares | — | | | 88 | | | — | | | 162 | | | | | | Net income | $ | 54,905 | | | $ | 39,979 | | | $ | 111,068 | | | $ | 68,699 | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding: | Common stock | 58,062,009 | | | 57,765,332 | | | 57,970,587 | | | 57,692,254 | | | | | | Unvested participating shares | 41,284 | | | 126,699 | | | 59,700 | | | 152,831 | | | | | | Earnings per common share: | | | | | | | | | | | | Common stock | $ | 0.95 | | | $ | 0.69 | | | $ | 1.92 | | | $ | 1.19 | | | | | |
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Schedule of Earnings (Loss) Per Share, Diluted |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | | | 2024 | | 2023 | | 2024 | | 2023 | | | | | | | | | | | | | | | | | | (In thousands, except share data) | Diluted earnings per share: | | | | | | | | | | | | Earnings allocated to common stock | $ | 54,905 | | | $ | 39,891 | | | $ | 111,068 | | | $ | 68,537 | | | | | | Plus: earnings allocated to unvested participating shares | — | | | 88 | | | — | | | 162 | | | | | | Less: adjusted earnings allocated to unvested participating shares | — | | | (88) | | | — | | | (162) | | | | | | Earnings allocated to common stock | $ | 54,905 | | | $ | 39,891 | | | $ | 111,068 | | | $ | 68,537 | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding: | Common stock | 58,062,009 | | | 57,765,332 | | | 57,970,587 | | | 57,692,254 | | | | | | Effect of dilutive securities | 639,609 | | | 279,805 | | | 512,817 | | | 194,569 | | | | | | Weighted average common shares outstanding — diluted | 58,701,618 | | | 58,045,137 | | | 58,483,404 | | | 57,886,823 | | | | | | Earnings per common share: | | | | | | | | | | | | Common stock | $ | 0.94 | | | $ | 0.69 | | | $ | 1.90 | | | $ | 1.18 | | | | | |
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