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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings per share:  
Earnings Per Share

(6) Earnings Per Share

 

Earnings per share for the three-month and nine-month periods ended September 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 nine-month periods ended September 30, 2025, and 2024:

 

                    
   Three Months Ended   Nine Months Ended 
   September 30,   September 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   22,209    21,343    21,852    21,250 
                     
Incremental common shares attributable to exercise of outstanding options and warrants   1,837    2,810    2,335    3,090 
                     
Weighted average number of common shares used to compute diluted earnings per share   24,046    24,153    24,187    24,340 

 

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 nine-month period ended September 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 nine-month periods ended September 30, 2024, 1.6 million and 1.7 million shares, respectively, would be included in the diluted earnings per share calculation.