NET EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2025

NET EARNINGS PER COMMON SHARE [Abstract]

NET EARNINGS PER COMMON SHARE

2.

NET EARNINGS PER COMMON SHARE

Basic and diluted earnings per share (“EPS”) are calculated in accordance with ASC 260, Earnings Per Share (“ASC 260”), which specifies the computation, presentation and disclosure requirements for EPS. Under ASC 260, basic EPS excludes all dilutive Common Stock equivalents. It is computed by dividing net income by the number of weighted average number of common shares outstanding during the period. Diluted EPS, as calculated using the treasury stock method, reflects the potential dilution from employee incentive plans during the period.

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, 2025 and 2024 was as follows:

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
		2025	2024		2025	2024
Weighted average shares outstanding - basic		31,000,002	30,681,594		30,934,366	30,547,187
Dilutive effect of Restricted Stock		317,647	359,998		286,503	259,060
Weighted average shares outstanding - diluted		31,317,649	31,041,592		31,220,869	30,806,247