Basic earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, including unvested restricted stock awards which contain rights to non-forfeitable dividends. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, adjusted for the dilutive impact of unissued shares paid to directors during the year as compensation. A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Weighted average number of common shares outstanding	65,721,612	66,172,701	65,758,318	66,470,709
Effect of non-participatory equity compensation	12,288	14,551	12,288	14,551
Weighted average number of common shares outstanding, including effect of dilutive securities	65,733,900	66,187,252	65,770,606	66,485,260