NET EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2025

NET INCOME PER COMMON SHARE [Abstract]

NET INCOME PER COMMON SHARE

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 months ended March 31, 2025 and 2024 was as follows:

	Three Months Ended
	March 31,
	2025		2024
Basic shares outstanding		30,809,306		30,301,475
Dilutive effect of Restricted Stock		264,398		-
Diluted shares outstanding		31,073,704		30,301,475