XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share  
Earnings Per Share

Note 4–Earnings Per Share

​

Basic earnings per common share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to non-vested stock units and stock options outstanding, if dilutive.

​

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2025 and 2024 (in thousands, except per share data):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

    

2025

    

2024

    

2025

    

2024

Numerator:

​

​

​

​

​

​

​

​

​

​

​

​

Net income

​

$

24,740

​

$

27,059

​

$

63,010

​

$

66,374

Denominator:

​

​

​

​

​

​

​

​

​

​

​

​

Denominator for basic earnings per share

​

$

25,354

​

$

26,292

​

$

25,609

​

$

26,334

Dilutive effect of employee stock awards

​

 

135

​

 

209

​

 

125

​

 

184

Denominator for diluted earnings per share

​

$

25,489

​

$

26,501

​

$

25,734

​

$

26,518

Earnings per share:

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

$

0.98

​

$

1.03

​

$

2.46

​

$

2.52

Diluted

​

$

0.97

​

$

1.02

​

$

2.45

​

$

2.50

​

For the three and nine months ended September 30, 2025 and 2024, the Company had no outstanding non-vested stock units that were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect.