8. Per Share Data

The Company computes, presents and discloses earnings per share in accordance with the authoritative guidance, which specifies the computation, presentation and disclosure requirements for earnings per share of entities with publicly held common stock or potential common stock. The objective of basic EPS is to measure the performance of an entity over the reporting period by dividing income by the weighted average shares outstanding. The objective of diluted EPS is consistent with that of basic EPS, except that it also gives effect to all potentially dilutive common shares outstanding during the period.

The following is a reconciliation of the basic and diluted earnings per share computation: 

For the three and six months ended June 30, 2026 and June 30, 2025, weighted-average diluted shares include the dilutive effect of in-the-money options and stock settled RSUs. The dilutive effect of stock-settled RSUs and options is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the average amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible, are collectively assumed to be used to repurchase shares. Cash-settled RSUs were presumed to be cash-settled and therefore excluded from the diluted earnings per share calculations for the three and six months ended June 30, 2026 and  June 30, 2025 because the net effect of their inclusion, including the elimination of the impact in the operating results of the change in fair value of these RSUs, would have been anti-dilutive. Performance-based RSUs were excluded from the diluted earnings per share calculations for the three and six months ended June 30, 2026 and June 30, 2025, as a result of the associated metrics/contingencies not being achieved. For the three and six months ended June 30, 2026 and  June 30, 2025, the weighted average number of shares under the cash-settled RSUs and performance based RSUs excluded from the calculation of diluted earnings per share was 467,347 and 405,193 for the 2026 periods, respectively, and 305,439 and 255,628 for the 2025 periods, respectively.