v3.25.1
Earnings per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share

7. EARNINGS PER SHARE:

In accordance with ASC Topic 260 “Earnings Per Share,” basic earnings per common share (“Basic EPS”) is computed by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share (“Diluted EPS”) is computed by dividing net income attributable to common stockholders by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. There were 170,575 and 184,889 common share equivalents related to stock options in the three months ended March 31, 2025 and 2024, respectively, presented in Diluted EPS.

The following table sets forth the computation of basic and diluted earnings per share information for the three months ended March 31, 2025 and 2024 (in thousands, except share and per share data):

 

Three Months Ended

 

 

March 31,

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

Net income attributable to common stockholders

$

2,947

 

 

$

2,980

 

Denominator:

 

 

 

 

 

Weighted average common shares outstanding – basic

 

13,345,980

 

 

 

13,326,965

 

Weighted average common shares outstanding – diluted

 

13,516,555

 

 

 

13,511,854

 

Basic and Diluted Per Share Information:

 

 

 

 

 

Net income per share – basic

$

0.22

 

 

$

0.22

 

Net income per share – diluted

$

0.22

 

 

$

0.22