XML 39 R24.htm IDEA: XBRL DOCUMENT

Earnings Per Share

12 Months Ended

Dec. 31, 2024

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.