XML 22 R9.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share  
Earnings Per Share

Note 2. Earnings Per Share

Basic earnings per share is based on the weighted average shares of common stock outstanding during the period. Diluted earnings per share assumes the weighted average dilutive effect of common share equivalents outstanding during the period applied to the company’s basic earnings per share. Common share equivalents represent potentially dilutive restricted stock units, deferred stock units, restricted stock, and performance awards, and are excluded from the computation in periods in which they have an anti-dilutive effect. There were 62,000 anti-dilutive common share equivalents for the three-month period ended March 31, 2025 excluded from common share equivalents for the nine-month period ended September 30, 2025. There were no anti-dilutive common share equivalents as of or for the nine-month period ended September 30, 2024 or the three-month periods ended September 30, 2025 and 2024.

Three-Month Periods Ended September 30,

2025

2024

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

403,685

146,947

$

2.75

$

317,802

154,061

$

2.06

Dilutive common share equivalents

-

653

-

749

Diluted earnings per share

$

403,685

147,600

$

2.74

$

317,802

154,810

$

2.05

Nine-Month Periods Ended September 30,

2025

2024

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

919,562

148,532

$

6.19

$

1,329,841

156,528

$

8.50

Dilutive common share equivalents

-

591

-

720

Diluted earnings per share

$

919,562

149,123

$

6.17

$

1,329,841

157,248

$

8.46