Net Income Per Share |
NET INCOME PER SHARE Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding. Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method. The share effect is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Weighted average shares outstanding: | | | | | | | | Common shares | 11,464,624 | | | 12,118,832 | | | 11,721,700 | | | 12,218,419 | | Vested restricted stock units | 109,394 | | | 163,342 | | | 109,394 | | | 163,237 | | Basic number of weighted average shares outstanding | 11,574,018 | | | 12,282,174 | | | 11,831,094 | | | 12,381,656 | | Dilutive effect of restricted stock units and stock options | 197,507 | | | — | | | 192,809 | | | 151,590 | | Dilutive number of weighted average shares outstanding | 11,771,525 | | | 12,282,174 | | | 12,023,903 | | | 12,533,246 | |
The following outstanding stock awards were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Stock options | 47,000 | | | 195,324 | | | 47,000 | | | 67,750 | | Restricted stock units | 15,134 | | | 22,222 | | | 12,733 | | | 2,173 | | Total | 62,134 | | | 217,546 | | | 59,733 | | | 69,923 | |
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