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Earnings per share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation

The Company calculates basic and diluted earnings per share as follows:

		2022								2023								2024
		Basic EPS				Diluted EPS				Basic EPS				Diluted EPS				Basic EPS				Diluted EPS
Numerator
Net income			34,253,365				34,253,365				51,936,829				51,936,829				69,862,177				69,862,177
Less: Undistributed earnings allocated to non-vested shares			216,168				216,168				813,111				811,596				2,701,759				2,694,694
Net income attributable to common shareholders			34,037,197				34,037,197				51,123,689				51,125,233				67,160,418				67,167,483
Denominator
Weighted average number of shares, basic			37,961,560				37,961,560				37,166,449				37,166,449				35,237,059				35,237,059
Effect of dilutive shares			—				113				—				70,502				—				96,101
Weighted average number of shares, basic			37,961,560				37,961,673				37,166,449				37,236,951				35,237,059				35,333,160
Earnings per share			0.90				0.90				1.38				1.37				1.91				1.90

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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