|
Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to
common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into
common stock or resulted in the issuance of common stock that then shared in the earnings of the entity (such as the Company’s dilutive restricted stock units and stock options).
The following is a reconciliation of basic and diluted EPS for the periods presented in the unaudited interim consolidated statements of income:
| |
|
Three Months Ended
June 30,
|
|
|
(In thousands, except per share data)
|
|
2025
|
|
|
2024
|
|
|
Basic EPS:
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
50,575
|
|
|
|
47,158
|
|
|
Net income available to common stockholders
|
|
$
|
22,510
|
|
|
$
|
32,716
|
|
|
Basic EPS
|
|
$
|
0.45
|
|
|
$
|
0.69
|
|
| |
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
50,575
|
|
|
|
47,158
|
|
|
Dilutive effect of common stock options and restricted stock
|
|
|
212
|
|
|
|
225
|
|
|
Weighted average common shares and common share equivalents
|
|
|
50,787
|
|
|
|
47,383
|
|
|
Net income available to common stockholders
|
|
$
|
22,510
|
|
|
$
|
32,716
|
|
|
Diluted EPS
|
|
$
|
0.44
|
|
|
$
|
0.69
|
|
| |
|
|
|
|
|
|
|
|
Anti-dilutive stock options and restricted stock outstanding
|
|
|
23 |
|
|
|
2 |
|
|
|
Six Months Ended
June 30,
|
|
|
(In thousands, except per share data)
|
|
2025
|
|
|
2024
|
|
|
Basic EPS:
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
48,919
|
|
|
|
47,153
|
|
|
Net income available to common stockholders
|
|
$
|
59,255
|
|
|
$
|
66,539
|
|
|
Basic EPS
|
|
$
|
1.21
|
|
|
$
|
1.41
|
|
| |
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
48,919
|
|
|
|
47,153
|
|
|
Dilutive effect of common stock options and restricted stock
|
|
|
224
|
|
|
|
228
|
|
|
Weighted average common shares and common share equivalents
|
|
|
49,143
|
|
|
|
47,381
|
|
|
Net income available to common stockholders
|
|
$
|
59,255
|
|
|
$
|
66,539
|
|
|
Diluted EPS
|
|
$
|
1.21
|
|
|
$
|
1.40
|
|
| |
|
|
|
|
|
|
|
|
Anti-dilutive stock options and restricted stock outstanding
|
|
|
- |
|
|
|
2 |
|
|