Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share

Earnings Per Share

Note 2. Earnings Per Share

Basic earnings per share is based on the weighted average shares of common stock outstanding during the period. Diluted earnings per share assumes the weighted average dilutive effect of common share equivalents outstanding during the period applied to the company’s basic earnings per share. Common share equivalents represent potentially dilutive restricted stock units, deferred stock units, restricted stock, and performance awards, and are excluded from the computation in periods in which they have an anti-dilutive effect. There were 62,000 anti-dilutive common share equivalents as of and for the three-month period ended March 31, 2025. There were no anti-dilutive common share equivalents as of or for the three-month period ended March 31, 2024.

	Three-Month Periods Ended March 31,
	2025						2024
			Weighted						Weighted
			Average						Average
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Basic earnings per share	$	217,151		150,262	$	1.45	$	584,041		158,666	$	3.68
Dilutive common share equivalents		-		547				-		688
Diluted earnings per share	$	217,151		150,809	$	1.44	$	584,041		159,354	$	3.67