Earnings per Share |
Earnings per ShareThe following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (unaudited) | | (unaudited) | Numerator: | | | | | | | | Net earnings | $ | 22,499 | | | $ | 19,916 | | | $ | 10,672 | | | $ | 20,040 | | Denominator: | | | | | | | | Weighted average shares outstanding, basic | 56,024,771 | | | 54,978,781 | | | 55,945,434 | | | 54,890,265 | | Effect of dilutive securities: | | | | | | | | Stock options and stock awards | 618,418 | | | 745,502 | | | 743,320 | | | 785,209 | | Weighted average shares outstanding, diluted | 56,643,189 | | | 55,724,283 | | | 56,688,754 | | | 55,675,474 | | | | | | | | | | Earnings per share, basic | $ | 0.40 | | | $ | 0.36 | | | $ | 0.19 | | | $ | 0.37 | | Earnings per share, diluted | $ | 0.40 | | | $ | 0.36 | | | $ | 0.19 | | | $ | 0.36 | |
The following table sets forth the common stock equivalents of outstanding stock-based awards excluded in the calculation of diluted earnings per share, because their inclusion would be anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (unaudited) | | (unaudited) | Stock options and stock awards | 588,422 | | | 971,683 | | | 836,462 | | | 799,798 | |
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