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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share, excluding dilution, is computed by dividing earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock or resulted in the issuance of common stock that could then share in our earnings.
The following table sets forth the computation of basic and diluted earnings per share of common stock:
For the three months ended
June 30,
For the six months ended
June 30,
2025202420252024
Net income applicable to common stockholders$26,386 $24,560 $49,955 $36,856 
Weighted Average Shares
Weighted average common shares outstanding27,783,710 27,430,761 27,753,098 27,224,968 
Effect of dilutive securities
Stock-based awards448,609 601,195 510,845 600,221 
Weighted average diluted common shares28,232,319 28,031,956 28,263,943 27,825,189 
Earnings per common share
Basic earnings per common share$0.95 $0.90 $1.80 $1.35 
Effect of dilutive securities
Stock-based awards(0.02)(0.02)(0.03)(0.03)
Diluted earnings per common share$0.93 $0.88 $1.77 $1.32 
Long-term incentive plan grants for 70,496 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2025, because they were antidilutive. Long-term incentive plan grants for 33,194 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2025, because they were antidilutive. There were no antidilutive shares for the three months or six months ended June 30, 2024.