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Earnings Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
The computation of basic and diluted earnings per share ("EPS") is based on Net income (loss) divided by the basic weighted average number of common shares outstanding and diluted weighted average number of common shares outstanding, respectively. The details of the basic and diluted EPS calculations for the three and six months ended June 30, 2025 and 2024 were as follows:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Basic
Net income$31,371 $38,927 $54,715 $21,531 
Weighted average common shares outstanding26,896,037 26,839,429 26,867,252 26,859,044 
EPS – Basic$1.17 $1.45 $2.04 $0.80 
Diluted
Dilutive effect of equity awards and other stock-based holdings327,272 310,918 381,724 392,282 
Weighted average common shares outstanding27,223,309 27,150,347 27,248,976 27,251,326 
EPS – Diluted$1.15 $1.43 $2.01 $0.79 

Diluted EPS is computed based upon the weighted average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of our common stock for the period.

The diluted EPS calculations exclude the effect of stock options when the options’ assumed proceeds exceed the average market price of the common shares during the period. The anti-dilutive common stock equivalents outstanding at the three and six months ended June 30, 2025 and 2024 were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Options and stock equivalents 1,005,749 1,057,349 948,963 1,127,661 

Dividend activity for the three and six months ended June 30, 2025 and 2024 was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Cash dividends declared per share$0.16 $0.16 $0.32 $0.32 
Aggregate dividends paid to shareholders$4,290 $4,292 $8,580 $8,582