NET EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2024

NET EARNINGS PER COMMON SHARE [Abstract]

2.	NET EARNINGS PER COMMON SHARE

Basic and diluted earnings per share (“EPS”) are determined in accordance with ASU No. 2015-06, Earnings per Share (Topic 260): Effects on historical earnings per unit of master limited partnership dropdown transactions, which specifies the computation, presentation and disclosure requirements for EPS. Basic EPS excludes all dilutive Common Stock equivalents. It is based upon the weighted average number of common shares outstanding during the period. Diluted EPS, as calculated using the treasury stock method, reflects the potential dilution that would occur if our dilutive outstanding stock options and stock awards were issued.

The weighted average number of common shares used to compute basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023 was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Basic shares outstanding		30,681,594		30,163,745		30,547,187		30,114,926
Dilutive effect of stock options		359,998		534,730		259,060		340,229
Diluted shares outstanding		31,041,592		30,698,475		30,806,247		30,455,155