Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. The calculation of diluted earnings per common share includes the dilutive effects for the assumed vesting of outstanding stock-based awards. The antidilutive common stock equivalents excluded from the diluted per share calculation are not material.

The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:
Three months ended September 30, Nine months ended September 30,
  2025 2024 2025 2024
Basic weighted average common shares outstanding 20,681,203  18,425,643  20,656,680  17,125,502 
Effect of dilutive shares 75,305  53,480  86,277  86,323 
Diluted weighted average common shares outstanding 20,756,508  18,479,123  20,742,957  17,211,825