Earnings Per Share

6 Months Ended

Jun. 30, 2025

Note 10—Earnings Per Share

Earnings per Share: A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Basic weighted average shares outstanding	81,915,162	91,441,350	82,693,257	92,653,478
Weighted average dilutive options outstanding	877,499	—	937,793	333,855
Diluted weighted average shares outstanding	82,792,661	91,441,350	83,631,050	92,987,333

Antidilutive shares	867,652	4,958,491	755,708	2,063,624

Antidilutive shares are excluded from the calculation of diluted earnings per share. All antidilutive shares noted above result from outstanding out-of-the-money employee and Director stock options.