XML 43 R21.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following:
Three months ended June 30,Six months ended June 30,
(in thousands)2025202420252024
Net income$27,542 $29,034 $53,905 $56,783 
Weighted average number of common shares outstanding32,757 33,121 32,854 33,183 
Effect of dilutive stock options and restricted stock179 123 179 123 
Weighted average number of common shares outstanding used to calculate diluted earnings per share32,936 33,244 33,033 33,306