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Earnings Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share  
Earnings Per Share

Note 3. 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 44,000 and 62,000 anti-dilutive common share equivalents for the three-month periods ended March 31, 2026 and March 31, 2025, respectively.

Three-Month Periods Ended March 31,

2026

2025

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

403,436

144,797

$

2.79

$

217,151

150,262

$

1.45

Dilutive common share equivalents

-

524

-

547

Diluted earnings per share

$

403,436

145,321

$

2.78

$

217,151

150,809

$

1.44