Earnings per share (“EPS”), including the dilutive effect of stock awards for each period reported is summarized below:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2025		2024		2025		2024
Net Income	$	23,661	$	25,611	$	50,512	$	52,928

Weighted-average number of basic shares outstanding during the period		18,403		18,738		18,454		18,748
Dilutive effect of stock awards		56		123		92		164
Weighted-average number of diluted shares outstanding during the period		18,459		18,861		18,546		18,912

Basic EPS	$	1.29	$	1.37	$	2.74	$	2.82
Diluted EPS	$	1.28	$	1.36	$	2.72	$	2.80

There were 70,085 and 70,282 shares of restricted stock awards that were excluded from the calculation of EPS for the three and six months ended June 30, 2025, respectively, because they were anti-dilutive. There were 82,169 and 46,534 shares excluded for the three and six months ended June 30, 2024, respectively.