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Earnings per share ("EPS") | 12 Months Ended
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Dec. 31, 2024
Earnings per share ("EPS") [Abstract] |
Earnings per share ("EPS") | Note 5 – Earnings per share (“EPS”) The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the exercise of all dilutive restricted shares using the treasury stock method. The components of the calculation of basic EPS and diluted EPS are as follows:
(Dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Profit/(loss) for the period used for calculation of EPS - basic |  | $ | 181,377 |  |  | $ | 161,353 |  |  | $ | 61,520 |
Profit/(loss) for the period used for calculation of EPS - dilutive |  | $ | 181,377 |  |  | $ | 161,353 |  |  | $ | 61,520 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  | 161,354,507 |  |  |  | 162,178,499 |  |  |  | 164,692,954 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  | 161,354,507 |  |  |  | 162,178,499 |  |  |  | 164,692,954 |
Dilutive equity awards |  |  | 87,274 |  |  |  | 178,236 |  |  |  | 157,137 |
Weighted average shares outstanding - dilutive |  |  | 161,441,782 |  |  |  | 162,356,735 |  |  |  | 164,850,091 |

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