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

Note 4–Earnings Per Share

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Basic earnings per common share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to non-vested stock units and stock options outstanding, if dilutive.

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The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 (in thousands, except per share data):

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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2026

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2025

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2026

  ​ ​ ​

2025

Numerator:

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Net income

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$

33,168

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$

24,789

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$

50,391

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$

38,270

Denominator:

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​

​

​

​

​

​

​

​

​

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Denominator for basic earnings per share

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25,226

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25,405

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25,214

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25,739

Dilutive effect of employee stock awards

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113

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115

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95

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121

Denominator for diluted earnings per share

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25,339

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25,520

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25,309

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25,860

Earnings per share:

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Basic

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$

1.31

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$

0.98

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$

2.00

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$

1.49

Diluted

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$

1.31

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$

0.97

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$

1.99

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$

1.48

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For the three and six months ended June 30, 2026 and 2025, the Company had no outstanding non-vested stock units that were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect.