v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share 4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

Net Income

For the Three Months Ended June 30,

Income

Shares

Earnings per Share

2026

Earnings

$

67,703 

13,174 

$

5.14 

Dilutive stock options

-

-

Nonvested stock awards

-

25 

Diluted earnings

$

67,703 

13,199 

$

5.13 

2025

Earnings

$

52,493 

14,591 

$

3.60 

Dilutive stock options

-

84 

Nonvested stock awards

-

28 

Diluted earnings

$

52,493 

14,703 

$

3.57 

Net Income

For the Six Months Ended June 30,

Income

Shares

Earnings per Share

2026

Earnings

$

134,005 

13,423 

$

9.98 

Dilutive stock options

-

-

Nonvested stock awards

-

19 

Diluted earnings

$

134,005 

13,442 

$

9.97 

2025

Earnings

$

124,250 

14,606 

$

8.51 

Dilutive stock options

-

88 

Nonvested stock awards

-

39 

Diluted earnings

$

124,250 

14,733 

$

8.43 

For the three and six months ended June 30, 2026, there were 1.3 million stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and six months ended June 30, 2025, there were 336,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.