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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings per share:  
Earnings Per Share

(6) Earnings Per Share

 

Earnings per share for the three-month and six-month periods ended June 30, 2025, and 2024 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2025, and 2024: 

                    
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
   (In thousands)   (In thousands) 
Weighted average number of common shares outstanding during the period used to compute basic earnings per share   21,893    21,263    21,670    21,203 
    $                
Incremental common shares attributable to exercise of outstanding options and warrants   2,287    3,000    2,584    3,230 
    $                
Weighted average number of common shares used to compute diluted earnings per share   24,180    24,263    24,254    24,433 

 

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and six-month period ended June 30, 2025, would have included an additional 1.6 million shares attributable to the exercise of outstanding options and warrants. For the three-month and six-month periods ended June 30, 2024, 1.7 million shares, would be included in the diluted earnings per share calculation.