EARNINGS PER SHARE

3 Months Ended

Jun. 30, 2025

9. EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period.

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations for the three months ended June 30, 2025, and 2024, respectively (in thousands, except per share data).


	Three Months Ended June 30,
	2025		2024
Net earnings attributable to common shareholders—basic and diluted
Continuing operations	$	27,128	$	24,193
Discontinued operations		10,569		3,146
Net earnings	$	37,697	$	27,339

Basic and diluted common shares outstanding:
Weighted average common shares outstanding—basic		26,270		26,642
Effect of dilutive shares		111		159
Weighted average shares common outstanding—diluted		26,381		26,801

Earnings per common share—basic
Continuing operations	$	1.03	$	0.91
Discontinued operations		0.40		0.12
Earnings per common share—basic	$	1.43	$	1.03

Earnings per common share—diluted
Continuing operations	$	1.03	$	0.90
Discontinued operations		0.40		0.12
Earnings per common share—diluted	$	1.43	$	1.02