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Income Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Income Per Share Income Per Share
Basic income per share is based on the weighted average number of shares of common stock outstanding. Diluted income per share is based upon the weighted average number of common shares outstanding and dilutive common stock equivalent shares outstanding during each period.
The weighted average number of shares used to compute basic and diluted net income per share consisted of the following (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Basic weighted average common shares outstanding7,712 7,674 7,703 7,666 
Weighted average common equivalent shares due to dilutive restricted stock, stock options and RSUs68 98 80 97 
Diluted weighted average common shares outstanding7,780 7,772 7,783 7,763 
The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, when the average market price of the common stock is lower than the exercise price of the related options during the period. These outstanding stock awards are not included in the computation of diluted income per share because the effect would be antidilutive. For the three and nine months ended September 30, 2025, 2,958 shares were excluded from the computation of diluted earnings per share for this reason. For the three and nine months ended September 30, 2024, there were no stock awards excluded from the computation of diluted earnings per share for this reason.