Earnings per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive.

The details of the earnings per share calculations for the three months ended March 31, 2025 and 2024 are as follows:

	Three Months Ended March 31,
(In thousands, except per share data)	2025		2024
Net income	$	14,505	$	13,468
Weighted average common shares outstanding:
Basic	38,106		38,060
Incremental shares with dilutive effect:
Restricted stock units	921		403
Diluted	39,027		38,463
Net income per share:
Basic	$	0.38	$	0.35
Diluted	$	0.37	$	0.35