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Income and Dividends Per Share of Common Stock
3 Months Ended
Mar. 31, 2026
Income and Dividends Per Share of Common Stock  
Income and Dividends Per Share of Common Stock

5. Income and Dividends Per Share of Common Stock

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

Three Months Ended

 

March 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Net income for basic and diluted income per common share

$

30,582

$

34,113

Weighted-average shares for basic income per common share

 

28,671

 

28,623

Effect of dilutive securities:

Employee and director stock options(1)

 

99

 

96

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

 

28,770

 

28,719

Basic net income per common share

$

1.07

$

1.19

Diluted net income per common share

$

1.06

$

1.19

(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 as anti-dilutive.

The Company paid $0.06 of cash dividends per share of common stock in each of the three-month periods ended March 31, 2026 and 2025.