Earnings Per Share

3 Months Ended

Mar. 31, 2026

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 March 31,
		2026	2025
Basic weighted average shares outstanding		78,500,338	83,479,997
Weighted average dilutive options outstanding		1,240,187	1,000,116
Diluted weighted average shares outstanding		79,740,525	84,480,113

Antidilutive shares		131,267	635,610

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.