v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share  
Earnings Per Share

Note 3. 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 no anti-dilutive common share equivalents for the three-months ended June 30, 2026 and 2025. There were 44,000 and 62,000 anti-dilutive common share equivalents excluded from common share equivalents for the six-months ended June 30, 2026 and 2025, respectively.

Three-Month Periods Ended June 30,

2026

2025

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

534,087

143,997

$

3.71

$

298,726

148,387

$

2.01

Dilutive common share equivalents

-

594

-

573

Diluted earnings per share

$

534,087

144,591

$

3.69

$

298,726

148,960

$

2.01

Six-Month Periods Ended June 30,

2026

2025

Weighted

Weighted

Average

Average

Net Income

Shares

Per Share

Net Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(Numerator)

(Denominator)

Amount

Basic earnings per share

$

937,523

144,397

$

6.49

$

515,877

149,325

$

3.45

Dilutive common share equivalents

-

559

-

560

Diluted earnings per share

$

937,523

144,956

$

6.47

$

515,877

149,885

$

3.44