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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share  
Earnings Per Share

Note 9 – Earnings Per Share

The earnings per share, both basic and diluted, are as follows:

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

2023

    

Basic earnings per share:

Weighted-average common shares outstanding

44,850,325

44,675,489

44,818,693

44,653,451

Net income

$

22,951

$

24,335

$

66,154

$

73,504

Basic earnings per share

$

0.52

$

0.55

$

1.48

$

1.65

Diluted earnings per share:

Weighted-average common shares outstanding

44,850,325

44,675,489

44,818,693

44,653,451

Dilutive effect of unvested restricted awards 1

828,815

752,920

809,913

736,767

Diluted average common shares outstanding

45,679,140

45,428,409

45,628,606

45,390,218

Net Income

$

22,951

$

24,335

$

66,154

$

73,504

Diluted earnings per share

$

0.50

$

0.54

$

1.45

$

1.62

1 Includes the common stock equivalents for restricted share rights that are dilutive.