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Earnings per share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings per share | 12. Earnings per share: All common shares issued have equal rights to vote and participate in dividends. The restricted shares issued under the Company’s equity incentive plans are subject to forfeiture provisions set forth in the applicable award agreement. The calculation of basic earnings per share does not consider the non-vested shares as outstanding until the time-based vesting restriction has lapsed. For the purpose of calculating diluted earnings per share, the weighted average number of diluted shares outstanding includes the incremental shares assumed issued, determined in accordance with the treasury stock method. For the years ended December 31, 2022, 2023 and 2024 the denominator of the diluted earnings per share calculation includes 383,711 common shares, 470,082 common shares and 1,819,658 common shares, respectively, being the number of incremental shares assumed issued under the treasury stock method. The Company calculates basic and diluted earnings per share as follows: Earnings/ (Loss) per Share (Table)
|  | Years ended December 31,
|  | 2022 |  | 2023 |  | 2024
Income : |  |  |  |  |  |
Net income | $ | 565,999 | $ | 173,556 | $ | 304,654
Basic earnings per share: |  |  |  |  |  |
Weighted average common shares outstanding, basic |  | 102,153,255 |  | 98,457,929 |  | 106,883,330
Basic earnings per share | $ | 5.54 | $ | 1.76 | $ | 2.85
Effect of dilutive securities: |  |  |  |  |  |
Dillutive potential common shares |  | 383,711 |  | 470,082 |  | 1,819,658
Weighted average common shares outstanding, diluted |  | 102,536,966 |  | 98,928,011 |  | 108,702,988
Diluted earnings per share | $ | 5.52 | $ | 1.75 | $ | 2.80

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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