NET EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2026

NET EARNINGS PER COMMON SHARE [Abstract]

Basic and diluted earnings per share (“EPS”) are calculated in accordance with ASC 260, Earnings Per Share (“ASC 260”), which specifies the computation, presentation and disclosure requirements for EPS. Under ASC 260, basic EPS excludes all dilutive Common Stock equivalents. It is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS, as calculated using the treasury stock method, reflects the potential dilution from employee incentive plans during the period.

The weighted average number of common shares used to compute basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 was as follows:


	Three Months Ended			Six Months Ended
	June 30,			June 30,
		2026	2025		2026	2025
Weighted average shares outstanding - basic		31,257,944	30,990,392		31,194,290	30,900,349
Dilutive effect of Restricted Stock		160,850	280,862		181,082	272,130
Weighted average shares outstanding - diluted		31,418,794	31,271,254		31,375,372	31,172,479