XML 36 R29.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Reconciliation of Earnings and Shares Used in Calculating Basic and Diluted EPS

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities. There were no participating securities outstanding for the three months ended March 31, 2025 and 2024. Therefore, the two-class method of calculating basic and diluted EPS was not applicable for the periods presented.


		Three months ended March 31,
		2025				2024
Net income available to common shareholders		$	16,513			$	1,705
Weighted average common shares outstanding:
Total shares issued			20,700				16,100
Unvested restricted stock awards			(10	)			(10	)
Treasury shares			(617	)			(687	)
Total basic weighted average common shares outstanding			20,073				15,403
Incremental shares from assumed:
Vesting of restricted stock awards			212				140
Total diluted weighted average common shares outstanding			20,285				15,543
Basic earnings per common share		$	0.82			$	0.11
Diluted earnings per common share		$	0.81			$	0.11