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

11.             Earnings per Share:

The computation of basic earnings per share is based on the weighted average number of common shares outstanding for the six-month periods ended June 30, 2025 and 2026. The calculation of basic earnings per share does not consider the non-vested shares as outstanding until the time-based vesting restriction has lapsed. Diluted earnings per share gives effect to stock awards and restricted stock units using the treasury stock method, unless the impact is anti-dilutive.

The Company calculates basic and diluted earnings per share as follows:

         
    Six months ended June 30,
    2025   2026
Income :        
Net income $               501  $                  203,481
            
           
Basic earnings per share:        
Weighted average common shares outstanding, basic          116,583,497          111,297,374
Basic earnings per share $                     0.00  $                      1.83
         
Effect of dilutive securities:        
Dilutive effect of non vested shares                  171,945                 400,424
Weighted average common shares outstanding, diluted          116,755,442            111,697,798
         
Diluted earnings per share $                     0.00  $                      1.82