Earnings per Share

6 Months Ended

Jun. 30, 2026

Earnings per Share

Earnings per Share

14. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three months ended June 30,
	2026		2025
Numerator:
Net income (in thousands of US$)	$	151,815	$	130,904
Denominator (number of shares in thousands):
Basic weighted average common shares outstanding		18,204		18,344
Effect of dilutive securities:
Dilutive effect of non-vested shares		52		52
Diluted weighted average common shares outstanding		18,256		18,396
Basic earnings per share (in US$ per share)	$	8.34	$	7.14
Diluted earnings per share (in US$ per share)	$	8.32	$	7.12

	Six months ended June 30,
	2026		2025
Numerator:
Net income (in thousands of US$)	$	292,236	$	246,051
Denominator (number of shares in thousands):
Basic weighted average common shares outstanding		18,207		18,546
Effect of dilutive securities:
Dilutive effect of non-vested shares		38		42
Diluted weighted average common shares outstanding		18,245		18,588
Basic earnings per share (in US$ per share)	$	16.05	$	13.27
Diluted earnings per share (in US$ per share)	$	16.02	$	13.24