Earnings Per Share

6 Months Ended

Jun. 30, 2025

3. Earnings Per Share

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


		Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024

	(In thousands, except per share amounts)
Numerator:
Net earnings	$	2,256	$	5,607	$	7,799	$	12,257

Denominator:
Basic weighted average shares outstanding		9,475		9,429		9,511		9,433
Effect of dilutive securities:
Employee share-based awards		86		119		101		131
Diluted weighted average shares outstanding		9,561		9,548		9,612		9,564

Basic earnings per share	$	0.24	$	0.60	$	0.82	$	1.30

Diluted earnings per share	$	0.24	$	0.59	$	0.81	$	1.28

Diluted weighted average shares outstanding for the three months ended June 30, 2025 excluded anti-dilutive stock options totaling 168,000 shares of common stock at a weighted average exercise price of $31.92. Diluted weighted average shares outstanding for the six months ended June 30, 2025 excluded anti-dilutive stock options totaling 115,000 shares of common stock at a weighted average exercise price of $34.56. Diluted weighted average shares outstanding for the three months ended June 30, 2024 excluded anti-dilutive stock options totaling 393,000 shares of common stock at a weighted average exercise price of $30.15. Diluted weighted average shares outstanding for the six months ended June 30, 2024 excluded anti-dilutive stock options totaling 394,000 shares of common stock at a weighted average exercise price of $30.15.