Earnings Per Share

6 Months Ended

Jun. 30, 2026

Note 10—Earnings Per Share

Earnings per Share: A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Basic weighted average shares outstanding	77,460,371	81,915,162	77,977,482	82,693,257
Weighted average dilutive options outstanding	1,448,781	877,499	1,355,855	937,793
Diluted weighted average shares outstanding	78,909,152	82,792,661	79,333,337	83,631,050

Antidilutive shares	—	867,652	—	755,708

Antidilutive shares are excluded from the calculation of diluted earnings per share. All antidilutive shares noted above result from outstanding out-of-the-money employee and Director stock options.