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Earnings per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share

Note 4. Earnings per Share

Basic earnings per share is based on the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the effect of options that are dilutive and outstanding during the period. Per share amounts are computed as follows:

 

 

2025

 

 

2024

 

 

2023

 

Numerator (in millions):

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

116.6

 

 

$

35.6

 

 

$

139.1

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

24,880

 

 

 

24,932

 

 

 

24,851

 

Dilutive effect of stock options and awards

 

 

113

 

 

 

187

 

 

 

171

 

Denominator for diluted earnings per share

 

 

24,993

 

 

 

25,119

 

 

 

25,022

 

Net income per share, basic:

 

$

4.69

 

 

$

1.43

 

 

$

5.60

 

Net income per share, diluted:

 

$

4.67

 

 

$

1.42

 

 

$

5.56

 

 

In 2025, 2024 and 2023 the average number of anti-dilutive options excluded from the calculation of diluted earnings per share were 23,414, 10,413 and 20,334 respectively.