EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

NOTE 18 – EARNINGS PER SHARE

Earnings per share were computed as shown below.


	2024		2023		2022
Basic:
Net income (loss) allocable to common stockholders	$	62,621	$	7,821	$	57,688
Weighted average common shares outstanding		15,486,928		15,531,712		16,212,429
Weighted average vested restricted stock units		2,442		4,060		1,620
Weighted average shares		15,489,370		15,535,772		16,214,049
Basic earnings (losses) per common share	$	4.04	$	0.50	$	3.56
Diluted:
Net income (loss) allocable to common stockholders	$	62,621	$	7,821	$	57,688
Weighted average common shares outstanding for:
Basic earnings per common share		15,489,370		15,535,772		16,214,049
Dilutive effects of the assumed exercise of stock options		72,760		37,952		92,893
Dilutive effects of the assumed redemption of RSUs		108,049		72,448		129,056
Dilutive effects of the assumed exercise of Employee Stock Purchase Plan		1,495		2,670		1,908
Average shares and dilutive potential common shares		15,671,674		15,648,842		16,437,906
Diluted earnings (losses) per common share	$	4.00	$	0.50	$	3.51

Average outstanding stock options and RSUs not included in the computation of diluted earnings (loss) because they were antidilutive are shown below.