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Note 3 - Earnings Per Share
9 Months Ended
Sep. 30, 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

September 30,

   

Nine Months Ended

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Numerator:

                               

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

  $ 66,690     $ 79,132     $ 199,450     $ 229,401  

Denominator:

                               

Denominator for basic earnings per share – weighted average shares outstanding

    78,235       79,216       78,759       78,878  

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

    2,358       2,668       2,408       2,729  

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

    80,593       81,884       81,167       81,607  

Basic earnings per common share

  $ 0.85     $ 1.00     $ 2.53     $ 2.91  

Diluted earnings per common share and common share equivalents

  $ 0.83     $ 0.97     $ 2.46     $ 2.81  

 

Options to purchase shares of common stock that were outstanding for the three months and nine months ended September 30, 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

September 30,

   

Nine Months Ended

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Weighted average anti-dilutive options

    747       573       728       583