The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends, which are considered participating securities under ASC 260, Earnings Per Share. The Company allocates earnings to participating securities and computes earnings per share using the two-class method. Under the two-class method, net income per share is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, net income is allocated to both


	Three Months Ended March 31,
		2026		2025
Basic Earnings Per Share
Net Income Attributable to Gentex Corporation		$	98,455,143	$	94,874,045
Less: Dividends and undistributed earnings allocated to participating securities		1,561,473		1,340,760
Net Income available to common shareholders		$	96,893,670	$	93,533,285

Basic weighted average shares outstanding		211,453,867		223,522,686
Net Income per share - Basic		$	0.46	$	0.42

Diluted Earnings Per Share
Allocation of Net Income used in basic computation		$	96,893,670	$	93,533,285
Reallocation of undistributed earnings		10		163
Net Income available to common shareholders - Diluted		$	96,893,680	$	93,533,448

Number of shares used in basic computation		211,453,867		223,522,686
Additional weighted average dilutive common stock equivalents		1,873		39,035
Diluted weighted average shares outstanding		211,455,740		223,561,721

Net Income per share - Diluted		$	0.46	$	0.42

Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive		2,877,663		3,141,060