EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2025

Basic earnings per common share is calculated as net income divided by the weighted average number of common shares outstanding during the period. All restricted shares and performance share awards are considered outstanding at the date of grant. Diluted earnings per common share is computed using the weighted-average number of common shares determined for the basic earnings per common share computation plus the potential dilutive effect of outstanding stock options and performance share units using the treasury stock method. A reconciliation of the weighted-average shares used in calculating basic earnings per common share and the weighted-average common shares used in calculating diluted earnings per common share for the reported periods is provided below.


	Years Ended December 31,
	2025				2024				2023
	Amount		Per Share Amount		Amount		Per Share Amount		Amount		Per Share Amount
	(Amounts in thousands, except per share data)
Net income attributable to shareholders	$	102,872			$	115,003			$	130,497
Basic:
Weighted average shares outstanding	51,756		$	1.99	53,469		$	2.15	53,229		$	2.45
Diluted:
Add incremental shares for:
Dilutive effect of stock options and performance share units	52				41				84
Total	51,808		$	1.99	53,510		$	2.15	53,313		$	2.45

There were 88,941, 94,135 and 27,155 shares not considered in computing diluted earnings per share as of December 31, 2025, 2024 and 2023, respectively, as they were antidilutive.