XML 20 R10.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Net Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Net Earnings Per Share  
Net Earnings Per Share

(3) Net Earnings Per Share

 

Net earnings per share is based on the weighted average number of shares outstanding during the period while the effects of potential shares outstanding during the period are included in diluted earnings per share. The average market price during the applicable period is used to compute equivalent shares.

 

The reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the three and six months ended June 30, 2024 and 2023 is as follows:

 

For the three months ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 Net Earnings

(Dollars in

thousands)

 

 

 Weighted

Average

 Number of

Shares

 

 

 Per Share

 Amount

 

Basic earnings per share

 

$4,888

 

 

 

5,290,856

 

 

$0.93

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units - unvested

 

 

 

 

 

 

19,886

 

 

 

 

 

Shares held in deferred comp plan

 

 

 

 

 

 

 

 

 

 

 

 

by deferred compensation trust

 

 

 

 

 

 

165,608

 

 

 

 

 

Diluted earnings per share

 

$4,888

 

 

 

5,476,350

 

 

$0.89

 

 

For the six months ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 Net Earnings

 (Dollars in

thousands)

 

 

 Weighted

Average

Number of

Shares

 

 

 Per Share

Amount

 

Basic earnings per share

 

$8,836

 

 

 

5,304,763

 

 

$1.67

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units - unvested

 

 

 

 

 

 

19,015

 

 

 

 

 

Shares held in deferred comp plan by deferred compensation trust

 

 

 

 

 

 

164,975

 

 

 

 

 

Diluted earnings per share

 

$8,836

 

 

 

5,488,753

 

 

$1.61

 

For the three months ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 Net Earnings

 (Dollars in

thousands)

 

 

 Weighted

Average

Number of

Shares

 

 

 Per Share

 Amount

 

Basic earnings per share

 

$4,808

 

 

 

5,451,521

 

 

$0.88

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units - unvested

 

 

 

 

 

 

20,636

 

 

 

 

 

Shares held in deferred comp plan by deferred compensation trust

 

 

 

 

 

 

161,749

 

 

 

 

 

Diluted earnings per share

 

$4,808

 

 

 

5,633,906

 

 

$0.85

 

 

 

 

 Net Earnings

 (Dollars in

thousands)

 

 

 Weighted

Average

 Number of

 Shares

 

 

 Per Share

Amount

 

Basic earnings per share

 

$7,980

 

 

 

5,463,495

 

 

$1.46

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units - unvested

 

 

 

 

 

 

18,812

 

 

 

 

 

Shares held in deferred comp plan by deferred compensation trust

 

 

 

 

 

 

167,073

 

 

 

 

 

Diluted earnings per share

 

$7,980

 

 

 

5,649,380

 

 

$1.41