Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share

Earnings Per Share

3.    Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

		Three Months Ended March 31,
	2025		2024
	(In thousands, except per share amounts)
Numerator:
Net earnings	$	5,543	$	6,650
Denominator:
Basic weighted average shares outstanding		9,548		9,436
Effect of dilutive securities:
Employee share-based awards		116		144
Diluted weighted average shares outstanding		9,664		9,580
Basic earnings per share	$	0.58	$	0.70
Diluted earnings per share	$	0.57	$	0.69

Diluted weighted average shares outstanding for the three months ended March 31, 2025 excluded anti-dilutive stock options totaling 62,000 shares of common stock at a weighted average exercise price of $37.22. Diluted weighted average shares outstanding for the three months ended March 31, 2024 excluded anti-dilutive stock options totaling 395,000 shares of common stock at a weighted average exercise price of $30.15.