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Note 18 - Net Income Per Share
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]
 

(18)

Net Income Per Share

 

The following table reflects net income (numerator) and average shares outstanding (denominator) for basic and diluted net income per share computations:

 

   

Three months ended

   

Nine months ended

 
   

September 30,

   

September 30,

 

(in thousands, except per share data)

 

2025

   

2024

   

2025

   

2024

 

Net income

  $ 36,241     $ 29,360     $ 103,536     $ 82,845  
                                 

Weighted average shares outstanding - basic

    29,369       29,299       29,360       29,277  

Dilutive securities

    157       146       151       119  

Weighted average shares outstanding- diluted

    29,526       29,445       29,511       29,396  
                                 

Net income per share - basic

  $ 1.23     $ 1.00     $ 3.53     $ 2.83  

Net income per share - diluted

    1.23       1.00       3.51       2.82  

 

Certain SARs that were excluded from the EPS calculation because their impact was antidilutive were as follows:

 

   

Three months ended

   

Nine months ended

 

(shares in thousands)

 

September 30,

   

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Antidilutive SARs

    26       105       22       118