Earnings Per Share

12 Months Ended

Dec. 31, 2024

Note 2 – Earnings per Share

Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. Earnings per share are computed using the “treasury stock method.”


	Twelve Months Ended December 31,
	2024		2023		2022
Earnings (numerator)
Net income attributable to common stockholders	$	44,024	$	227,182	$	331,283

Shares (denominator)
Weighted average common shares outstanding (basic)		46,208		45,803		45,330
Dilutive effect of stock options and stock awards outstanding		200		508		706
Adjusted weighted average common shares outstanding (diluted)		46,408		46,311		46,036

Earnings per share attributable to common stockholders
Basic	$	0.95	$	4.96	$	7.31
Diluted	$	0.95	$	4.91	$	7.20

Stock options and stock awards excluded from EPS calculation because their inclusion would be anti-dilutive		233		138		82