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Note 3 - Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

3 – Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information):

 

   

Three Months Ended

March 31,

  
   

2025

    

2024

  

Numerator:

                

Numerator for basic and diluted earnings per share – Net income available to common shareholders

   $ 60,322     $ 71,608  

Denominator:

                

Denominator for basic earnings per share – weighted average shares outstanding

     79,661       78,483  

Effect of dilutive securities– Employee and director stock options and restricted share awards

     2,720       2,971  

Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions

     82,381       81,454  

Basic earnings per common share

   $ 0.76     $ 0.91  

Diluted earnings per common share and common share equivalents

   $ 0.73     $ 0.88  

 

Options to purchase shares of common stock that were outstanding for the three months ended March 31, 2025 and 2024 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

 

   

Three Months Ended

March 31,

  
   

2025

    

2024

  

Weighted average anti-dilutive options

     486       317