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Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

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

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

(In thousands, except per share amounts)

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

 

35,203

 

 

 

 

37,210

 

 

 

 

35,252

 

 

 

 

37,299

 

Dilutive effect of stock options and
   Full Value Awards

 

 

39

 

 

 

 

88

 

 

 

 

62

 

 

 

 

78

 

Diluted weighted average shares outstanding

 

 

35,242

 

 

 

 

37,298

 

 

 

 

35,314

 

 

 

 

37,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 $

 

1.93

 

 

 $

 

1.91

 

 

 $

 

4.14

 

 

 $

 

2.31

 

Diluted earnings per share

 

 

1.93

 

 

 

 

1.91

 

 

 

 

4.13

 

 

 

 

2.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and Full Value Awards totaling 442,179 shares and 152,256 shares for the three months ended June 30, 2026 and 2025, respectively, and 387,834 and 232,361 shares for the six months ended June 30, 2026 and 2025, 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.