Earnings Per Share

9 Months Ended

Sep. 30, 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):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Numerator:



Net income available to common stockholders	$	708	$	703	1,886		1,745
Denominator:
Denominator for basic earnings per share—weighted-average common shares	66,019		68,153		66,596		68,757
Effect of dilutive securities:
Employee stock options	2		4		3		4



Restricted stock units	164		106		168		181
Denominator for diluted earnings per share—adjusted weighted-average common shares	66,185		68,263		66,767		68,942
Basic earnings per share	$	10.73	$	10.30	$	28.33	$	25.37
Diluted earnings per share	$	10.70	$	10.29	$	28.25	$	25.30