Note 3 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

3 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	72,438	$	78,661	$	132,760	$	150,269
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		78,300		78,270		78,991		78,706
Effect of dilutive securities– Employee stock options and restricted stock awards		2,187		2,508		2,454		2,761
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		80,487		80,778		81,445		81,467
Basic earnings per common share	$	0.93	$	1.01	$	1.68	$	1.91
Diluted earnings per common share and common share equivalents	$	0.90	$	0.97	$	1.63	$	1.84

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2025, and 2024, that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Weighted average anti-dilutive stock options		951		860		718		589