| Calculation of Basic and Diluted Earnings Per Share |
The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock or RSUs vest.
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands, except share and per share amounts) |
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Basic EPS: |
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Net income |
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$ |
14,595 |
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$ |
13,955 |
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$ |
22,740 |
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$ |
22,904 |
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Basic weighted average common shares |
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18,579,890 |
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19,038,360 |
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18,669,214 |
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19,037,339 |
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Basic earnings per common share |
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$ |
0.79 |
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$ |
0.73 |
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$ |
1.22 |
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$ |
1.20 |
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Diluted EPS: |
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Net income |
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$ |
14,595 |
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$ |
13,955 |
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$ |
22,740 |
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$ |
22,904 |
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Diluted weighted average common shares: |
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Weighted average common shares |
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18,579,890 |
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19,038,360 |
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18,669,214 |
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19,037,339 |
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Restricted stock and RSUs |
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122,392 |
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81,240 |
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126,690 |
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83,191 |
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Diluted weighted average common shares |
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18,702,282 |
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19,119,600 |
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18,795,904 |
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19,120,530 |
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Diluted earnings per common share |
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$ |
0.78 |
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$ |
0.73 |
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$ |
1.21 |
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$ |
1.20 |
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