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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

12. Earnings Per Share

The following table sets forth basic and diluted weighted average shares outstanding used to compute earnings per share:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

(In thousands, except per share amounts)

 

 

 

 

 

Basic weighted average shares outstanding

 

 

 

37,600

 

 

 

 

37,546

 

 

 

 

37,468

 

Dilutive effect of stock options and full value awards

 

 

 

72

 

 

 

 

108

 

 

 

 

175

 

Diluted weighted average shares outstanding

 

 

 

37,672

 

 

 

 

37,654

 

 

 

 

37,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

 $

 

7.29

 

 

 $

 

6.87

 

 

 $

 

6.68

 

Diluted earnings per share

 

 

 

7.28

 

 

 

 

6.85

 

 

 

 

6.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and Full Value Awards totaling 329,810 shares, 306,678 shares and 310,447 shares for the years ended December 31, 2024, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.