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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:


	Three Months Ended
	March 31,
(In thousands)	2025	2024
Basic weighted-average shares outstanding	37,683	38,254
Dilutive effect of deferred stock compensation	168	177
Diluted weighted-average shares outstanding	37,851	38,431

For the three months ended March 31, 2024, there were approximately 59,000 shares issuable under equity-based awards that were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. There were no anti-dilutive shares for the three months ended March 31, 2025.