NOTE 11 – EARNINGS PER SHARE Earnings per share (“EPS”), including the dilutive effect of stock awards for each period reported is summarized below:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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(in thousands, except per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net Income |
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$ |
26,948 |
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$ |
23,661 |
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$ |
47,470 |
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$ |
50,512 |
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Weighted-average number of basic shares outstanding during the period |
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18,010 |
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18,403 |
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18,125 |
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18,454 |
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Dilutive effect of stock awards |
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38 |
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56 |
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92 |
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92 |
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Weighted-average number of diluted shares outstanding during the period |
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18,048 |
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18,459 |
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18,217 |
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18,546 |
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Basic EPS |
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$ |
1.50 |
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$ |
1.29 |
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$ |
2.62 |
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$ |
2.74 |
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Diluted EPS |
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$ |
1.49 |
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$ |
1.28 |
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$ |
2.61 |
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$ |
2.72 |
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The following weighted-average stock awards were excluded from the calculation of weighted-average diluted share computations because they were anti-dilutive:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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Anti-Dilutive Shares |
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2026 |
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2025 |
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2026 |
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2025 |
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Restricted Stock Units |
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143,632 |
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70,085 |
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2,223 |
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70,282 |
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