NET EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2026

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 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, 2026 and 2025 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Weighted average shares outstanding - basic		31,164,726		31,000,002		31,184,327		30,934,366
Dilutive effect of Restricted Stock		259,385		317,647		247,819		286,503
Weighted average shares outstanding - diluted		31,424,111		31,317,649		31,432,146		31,220,869