国产福利资源在线播放

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

Earnings Per Share

v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract] 听
Earnings Per Share Earnings Per Share
Basic earnings per share (鈥淓PS鈥) is computed based on the weighted average number of shares outstanding during the period. Diluted EPS is computed based upon the weighted average number of shares outstanding during the period plus unvested RSAs and other nonvested awards granted pursuant to our incentive and equity compensation plans. The computation of diluted EPS reflects the potential dilution that could occur if all outstanding awards under the incentive and equity compensation plans were converted into shares of Common Stock or resulted in the issuance of shares of Common Stock that would then share in the earnings of the Company. The number of dilutive securities is computed using the treasury stock method.
The following table sets forth the computation of EPS for the years ended December 31, 2025, 2024, and 2023 (in thousands, except number of shares and per share data):
Years Ended December 31,
听 2025 2024 2023
Net income $ 481,376听 $ 453,960听 $ 405,645听
Basic earnings per share:
Weighted average shares outstanding for basic earnings per share 68,949,240听 68,958,591听 69,132,915听
Basic earnings per share $ 6.98听 $ 6.58听 $ 5.87听
Diluted earnings per share:
Weighted average shares outstanding for basic earnings per share 68,949,240听 68,958,591听 69,132,915听
Effect of dilutive securities:
Stock-based incentive plan 78,252听 100,661听 46,620听
Weighted average shares outstanding for diluted earnings per share 69,027,492听 69,059,252听 69,179,535听
Diluted earnings per share $ 6.97听 $ 6.57听 $ 5.86听

RSAs are included in the number of shares of Common Stock issued and outstanding, but omitted from the basic earnings per share calculation until such time as the RSAs vest. Certain stock awards granted are not included in the dilutive securities in the table above as they are anti-dilutive for the years ended December听31, 2025 and 2023. There were no anti-dilutive securities for the year ended December 31, 2024.