v3.25.2
Earnings Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share  
Earnings Per Share

Note 2. Earnings Per Share

Basic earnings per share is based on the weighted average shares of common stock outstanding during the period. Diluted earnings per share assumes the weighted average dilutive effect of common share equivalents outstanding during the period applied to the company’s basic earnings per share. Common share equivalents represent potentially dilutive restricted stock units, deferred stock units, restricted stock, and performance awards, and are excluded from the computation in periods in which they have an anti-dilutive effect. There were 62,000 anti-dilutive common share equivalents for the three-month period ended March 31, 2025 excluded from common share equivalents for the six-month period ended June 30, 2025. There were no anti-dilutive common share equivalents as of or for the six-month period ended June 30, 2024 or the three-month periods ended June 30, 2025 and 2024.

Three-Month Periods Ended June 30,

2025

2024

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

298,726

148,387

$

2.01

$

427,998

156,856

$

2.73

Dilutive common share equivalents

-

573

-

723

Diluted earnings per share

$

298,726

148,960

$

2.01

$

427,998

157,579

$

2.72

Six-Month Periods Ended June 30,

2025

2024

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

515,877

149,325

$

3.45

$

1,012,039

157,761

$

6.42

Dilutive common share equivalents

-

560

-

706

Diluted earnings per share

$

515,877

149,885

$

3.44

$

1,012,039

158,467

$

6.39