Earnings Per Share

9 Months Ended

Sep. 30, 2025

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


		Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024

	(In thousands, except per share amounts)
Numerator:
Net earnings	$	6,586	$	8,063	$	14,385	$	20,320

Denominator:
Basic weighted average shares outstanding		9,445		9,439		9,488		9,435
Effect of dilutive securities:
Employee share-based awards		90		160		97		141
Diluted weighted average shares outstanding		9,535		9,599		9,585		9,576

Basic earnings per share	$	0.70	$	0.85	$	1.52	$	2.15

Diluted earnings per share	$	0.69	$	0.84	$	1.50	$	2.12

Diluted weighted average shares outstanding for the three months ended September 30, 2025 and 2024, excluded share-based awards totaling 228,000 and 240,000, respectively, as the impact of such awards was anti-dilutive. Diluted weighted average shares outstanding for the nine months ended September 30, 2025 and 2024, excluded share-based awards totaling 153,000 and 342,000, respectively, as the impact of such awards was anti-dilutive.