Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
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
September 30,		 Nine Months Ended
September 30,
(in thousands) 2025 2024 2025 2024
Weighted-average outstanding common shares 482,872 482,219 482,774 482,082
Add participating securities:
Weighted-average time-lapse restricted awards 1,763 2,098 1,791 2,149
Total weighted-average shares outstanding – basic 484,635 484,317 484,565 484,231
Dilutive effect of restricted stock units and PSUs 35 42 33 39
Weighted-average shares outstanding – diluted 484,670 484,359 484,598 484,270