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Earnings Per Share
3 Months Ended
Mar. 31, 2026
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 months ended March 31, 2026 and 2025 (in thousands, except per share data):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Numerator:

Net income

$

17,223

$

13,481

Denominator:

Denominator for basic earnings per share

 

25,201

 

26,076

Dilutive effect of employee stock awards

 

80

 

142

Denominator for diluted earnings per share

 

25,281

 

26,218

Earnings per share:

Basic

$

0.68

$

0.52

Diluted

$

0.68

$

0.51

For the three months ended March 31, 2026 and 2025, 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.