XML 29 R19.htm IDEA: XBRL DOCUMENT v3.25.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Earnings per share is based on the weighted average number of shares outstanding for the period. A reconciliation of the basic and diluted earnings per share is as follows:

Three Months EndedSix Months Ended
(Share count in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Basic
Net income attributable to common stockholders$3,270 $3,675 $6,467 $7,763 
Weighted average common shares outstanding9,989 10,370 9,989 10,405 
Basic earnings per share$0.33 $0.35 $0.65 $0.75 
Diluted
Net income attributable to common stockholders$3,270 $3,675 $6,467 $7,763 
Weighted average common shares outstanding9,989 10,370 9,989 10,405 
Add: Dilutive stock options outstanding10 
Average shares and dilutive potential common shares9,997 10,373 9,999 10,408 
Diluted earnings per share$0.33 $0.35 $0.65 $0.75 
Additional common stock option shares that have not been included due to their antidilutive effect— 20 — 20 
Dilutive shares outstanding consist of exercisable stock options whose strike prices were less than the quarterly average closing price of the Company’s common stock. At June 30, 2025 and June 30, 2024, there were 0 and 20 exercisable stock options, respectively, with a potentially dilutive effect. However their strike prices were higher than the quarterly average closing prices of the Company’s common stock and thus, excluded from diluted shares outstanding.