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Income and Dividends Per Share of Common Stock (Tables)
 9 Months Ended
Sep. 30, 2025
Income and Dividends Per Share of Common Stock  
Schedule of computation of basic and diluted income per common share

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

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

 

​

​

September 30,

​

September 30,

​

​

    

2025

    

2024

    

2025

    

2024

 

Net income for basic and diluted income per common share

​

$

38,782

​

$

33,353

​

$

103,726

​

$

81,849

​

Weighted-average shares for basic income per common share

​

 

28,639

​

 

28,594

​

 

28,633

​

 

28,574

​

Effect of dilutive securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Employee and director stock options(1)

​

 

99

​

 

133

​

 

97

​

 

109

​

Adjusted weighted-average shares and assumed exercises for diluted income per common share

​

 

28,738

​

 

28,727

​

 

28,730

​

 

28,683

​

Basic net income per common share

​

$

1.35

​

$

1.17

​

$

3.62

​

$

2.86

​

Diluted net income per common share

​

$

1.35

​

$

1.16

​

$

3.61

​

$

2.85

​

(1)Stock options are considered anti-dilutive if the exercise price exceeds the average per share market price for the period. No stock options were excluded for any of the periods presented above due to being anti-dilutive.