EARNINGS PER SHARE |
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| EARNINGS PER SHARE | 2. EARNINGS PER SHARE The two-class method is used in the calculation of basic and diluted earnings per share (“EPS”). Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared and participation rights in undistributed earnings. The restricted stock awards granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The Company’s basic and diluted EPS calculations for the three months ended March 31, 2025 and 2024 are as follows. There were no stock options that were antidilutive for the three months ended March 31, 2025 and 2024.
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