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Earnings Per Share
 12 Months Ended
Dec. 31, 2025
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,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

 

 

37,056

 

 

 

 

37,600

 

 

 

 

37,546

 

Dilutive effect of stock options and
   Full Value Awards

 

 

 

81

 

 

 

 

72

 

 

 

 

108

 

Diluted weighted average shares outstanding

 

 

 

37,137

 

 

 

 

37,672

 

 

 

 

37,654

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

 $

 

6.66

 

 

 $

 

7.29

 

 

 $

 

6.87

 

Diluted earnings per share

 

 

 

6.64

 

 

 

 

7.28

 

 

 

 

6.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and Full Value Awards totaling 183,624 shares, 329,810 shares and 306,678 shares for the years ended December 31, 2025, 2024 and 2023, 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.