| EARNINGS PER SHARE |
12. EARNINGS PER SHARE
The factors used in the earnings per share computation for the periods indicated follow (dollars 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
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Net income
|
|
$
|
18,992 |
|
|
$
|
14,605 |
|
|
$
|
33,537 |
|
|
$
|
26,899 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic
|
|
|
19,100,893 |
|
|
|
16,231,627 |
|
|
|
17,686,489 |
|
|
|
16,323,236 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Stock-based compensation awards
|
|
|
708,908 |
|
|
|
655,366 |
|
|
|
713,113 |
|
|
|
650,636 |
|
|
Weighted average common shares outstanding - diluted
|
|
|
19,809,801 |
|
|
|
16,886,993 |
|
|
|
18,399,602 |
|
|
|
16,973,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share
|
|
$
|
0.99 |
|
|
$
|
0.90 |
|
|
$
|
1.90 |
|
|
$
|
1.65 |
|
|
Diluted earnings per share
|
|
$
|
0.96 |
|
|
$
|
0.86 |
|
|
$
|
1.82 |
|
|
$
|
1.58 |
|
|