NET EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2025

NET EARNINGS PER COMMON SHARE [Abstract]

3. 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 years ended December 31, 2025, 2024 and 2023 were as follows:


	Year Ended December 31,
		2025	2024	2023
Weighted average shares outstanding - basic		30,942	30,580	30,105
Dilutive effect of Restricted Stock		318	311	436
Weighted average shares outstanding - diluted		31,260	30,891	30,541