Earnings Per Share

12 Months Ended

Dec. 31, 2024

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share (shares in thousands):


	Year Ended December 31,
	2024		2023		2022
Numerator:




Net income available to common stockholders	$	2,575	$	2,424	$	2,105
Denominator:
Denominator for basic earnings per share—weighted-average common shares	66,345		68,470		70,703
Effect of dilutive securities:
Employee stock options	2		4		4


Restricted stock units	220		236		266
Denominator for diluted earnings per share—adjusted weighted-average common shares	66,567		68,710		70,973



Basic earnings per share	$	38.82	$	35.40	$	29.77



Diluted earnings per share	$	38.69	$	35.28	$	29.65