XML 23 R11.htm IDEA: XBRL DOCUMENT v3.24.3

Note 3 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 3. Earnings per Common Share

Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities.

Earnings per common share have been computed based on the following:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(dollars in thousands, except for per share data)		2024				2023				2024				2023
Net income available to common stockholders		$	15,652			$	19,898			$	48,895			$	63,203
Earnings allocated to participating securities			(44	)			(63	)			(133	)			(160	)
Income attributable to common stock		$	15,608			$	19,835			$	48,762			$	63,043
Weighted average common shares outstanding, including participating securities			38,427				38,817				38,377				39,020
Weighted average participating securities			(108	)			(123	)			(104	)			(99	)
Weighted average common shares outstanding			38,319				38,694				38,273				38,921
Incremental shares from assumed conversions of options, performance units and restricted shares			206				135				185				135
Weighted average common and equivalent shares outstanding			38,525				38,829				38,458				39,056
Earnings per common share:
Basic		$	0.41			$	0.51			$	1.27			$	1.62
Diluted			0.41				0.51				1.27				1.61

There were no antidilutive share equivalents during the nine months ended September 30, 2024 and  September 30, 2023.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration