EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE H – EARNINGS PER SHARE

The following table reflects the computation of basic and diluted earnings per common share:


		Three Months Ended						Six Months Ended
		June 30						June 30
		2025			2024			2025			2024

		(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations		$	25,809		$	46,924		$	28,940		$	44,012
Net income from discontinued operations			—			—			—			600
Net income		$	25,809		$	46,924		$	28,940		$	44,612
Denominator:
Weighted-average shares			22,944,228			23,618,318			23,070,812			23,589,814

Basic earnings per common share
Continuing operations		$	1.12		$	1.99		$	1.25		$	1.87
Discontinued operations			—			—			—			0.03
Total basic earnings per common share⁽¹⁾		$	1.12		$	1.99		$	1.25		$	1.89

Diluted
Numerator:
Net income from continuing operations		$	25,809		$	46,924		$	28,940		$	44,012
Net income from discontinued operations			—			—			—			600
Net income		$	25,809		$	46,924		$	28,940		$	44,612
Denominator:
Weighted-average shares			22,944,228			23,618,318			23,070,812			23,589,814
Effect of dilutive securities			64,479			301,295			75,797			435,685
Adjusted weighted-average shares and assumed conversions			23,008,707			23,919,613			23,146,609			24,025,499

Diluted earnings per common share
Continuing operations		$	1.12		$	1.96		$	1.25		$	1.83
Discontinued operations			—			—			—			0.02
Total diluted earnings per common share⁽¹⁾		$	1.12		$	1.96		$	1.25		$	1.86

(1)	Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.