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Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 16. Earnings Per Share The following is a reconciliation of basic and diluted EPS for the years presented in the consolidated statements of income:
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
(In thousands except per share data) |  | Net Income |  |  | Weighted Average Shares |  |  | Per Share Amount |  |  | Net Income |  |  | Weighted Average Shares |  |  | Per Share Amount |  |  | Net Income |  |  | Weighted Average Shares |  |  | Per Share Amount |
Basic EPS |  | $ | 140,641 |  |  |  | 47,165 |  |  | $ | 2.98 |  |  | $ | 118,782 |  |  |  | 44,528 |  |  | $ | 2.67 |  |  | $ | 151,995 |  |  |  | 42,917 |  |  | $ | 3.54 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  |  |  |  |  | 268 |  |  |  |  |  |  |  |  |  |  |  | 242 |  |  |  |  |  |  |  |  |  |  |  | 264 |  |  |  |  |
Diluted EPS |  | $ | 140,641 |  |  |  | 47,433 |  |  | $ | 2.97 |  |  | $ | 118,782 |  |  |  | 44,770 |  |  | $ | 2.65 |  |  | $ | 151,995 |  |  |  | 43,181 |  |  | $ | 3.52 |
There was a nominal number of weighted average stock options outstanding for the years ended December 31, 2024, 2023 and 2022, that were not considered in the calculation of diluted EPS since the stock options’ exercise prices were greater than the average market price during these periods.

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