XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.25.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | 11. Earnings Per Share Basic net income per share is computed by dividing distributed and undistributed net income allocable to common shares by the weighted-average number of common shares outstanding during the app licable period. The basic weighted-average number of common shares outstanding during the period excludes non-vested share-based payment awards. Basic and diluted net income per share was calculated under the two-class method for the quarters ended March 31, 2025 and March 31, 2024. The following table sets forth the computation of basic and diluted net income per share (in millions of dollars, except share and per share amounts):
|  | Quarter Ended March 31, |
|  | 2025 |  |  | 2024 As Adjusted 1 |
Numerator: |  |  |  |  |  |
Net income available to common shareholders 2 |  | $ | 21.6 |  |  | $ | 18.2 |
Denominator – Weighted-average common shares outstanding (in thousands): |  |  |  |  |  |
Basic |  |  | 16,116 |  |  |  | 16,027 |
Add: dilutive effect of non-vested common shares, restricted stock units and performance shares 3 |  |  | 283 |  |  |  | 203 |
Diluted |  |  | 16,399 |  |  |  | 16,230 |
Net income per common share, Basic: |  | $ | 1.34 |  |  | $ | 1.13 |
Net income per common share, Diluted: |  | $ | 1.31 |  |  | $ | 1.12 |
1. Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion. 2. Represents Net income less distributed and undistributed earnings allocated to non-vested restricted stock awards that contain non-forfeitable rights to dividends. 3. Quantities in the following discussion are denoted in whole shares. During the quarters ended March 31, 2025 and March 31, 2024, approximately 4,000 and 2,200 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
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