v3.26.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company reports both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period. Diluted earnings per share is calculated by dividing the net income available to participating
common shareholders by the diluted weighted average number of shares outstanding for the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive equity.
A reconciliation of weighted average shares outstanding is as follows:
Three Months Ended
March 31,
(in thousands)20262025
Weighted-average outstanding common shares479,866482,581
Add participating securities:
Weighted-average time-lapse restricted awards1,5191,833
Total weighted-average shares outstanding – basic481,385484,414
Dilutive effect of restricted stock units and PSUs1320
Weighted-average shares outstanding – diluted481,398484,434