v3.25.2
NET EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2025
NET EARNINGS PER COMMON SHARE [Abstract]  
NET EARNINGS PER COMMON SHARE
2.
NET EARNINGS PER COMMON SHARE

Basic and diluted earnings per share (“EPS”) are calculated in accordance with ASC 260, Earnings Per Share (“ASC 260”), which specifies the computation, presentation and disclosure requirements for EPS. Under ASC 260, basic EPS excludes all dilutive Common Stock equivalents. It is computed by dividing net income by the number of weighted average number of common shares outstanding during the period. Diluted EPS, as calculated using the treasury stock method, reflects the potential dilution from employee incentive plans during the period.

The weighted average number of common shares used to compute basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024 was as follows:
 

  Three Months Ended     Six Months Ended  

 
June 30,
    June 30,  

 
2025
   
2024
    2025     2024  
Basic shares outstanding
   
30,990,392
     
30,659,878
      30,900,349       30,480,677  
Dilutive effect of Restricted Stock
   
280,862
     
-
      272,130       -  
Diluted shares outstanding
   
31,271,254
     
30,659,878
      31,172,479       30,480,677