XML 29 R19.htm IDEA: XBRL DOCUMENT v3.25.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 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 EndedNine Months Ended
(Share count in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Basic
Net income attributable to common stockholders$3,682 $3,286 $10,149 $11,049 
Weighted average common shares outstanding9,911 10,198 9,963 10,335 
Basic earnings per share$0.37 $0.32 $1.02 $1.07 
Diluted
Net income attributable to common stockholders$3,682 $3,286 $10,149 $11,049 
Weighted average common shares outstanding9,911 10,198 9,963 10,335 
Add: Dilutive stock options outstanding10 6 10 5 
Average shares and dilutive potential common shares9,921 10,204 9,973 10,340 
Diluted earnings per share$0.37 $0.32 $1.02 $1.07 
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 September 30, 2025 and September 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.