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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
(2) Earnings Per Share

The Company computes earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”).  A reconciliation of the component parts of earnings per share for the three and nine months ended September 30, 2025 and 2024 is as follows:

(in thousands, except per share data)
  
For the three months ended
    
For the nine months ended
  
 
  
September 30,
    
September 30,
  
 
  
2025
    
2024
    
2025
    
2024
  
 
                        
 
                        
Net income
  
$
16,258
    
$
12,875
    
$
45,572
    
$
37,552
  
Weighted average common shares
    
18,755
      
19,010
      
18,912
      
19,019
  
Effect of Dilutive Securities:
                                
Stock Options and Restricted Stock Units
    
50
      
26
      
35
      
15
  
Weighted average common shares including potential dilutive shares
    
18,805
      
19,036
      
18,947
      
19,034
  
 
                                
Basic EPS
  
$
0.87
    
$
0.68
    
$
2.41
    
$
1.97
  
 
                                
Diluted EPS
  
$
0.86
    
$
0.68
    
$
2.41
    
$
1.97
  

For the three and nine months ended September 30, 2025 there were no weighted average antidilutive stock options excluded from dilutive earnings. For the three and nine months ended September 30, 2024 there were 22 thousand and 48 thousand, respectively, weighted average antidilutive stock options excluded from dilutive earnings. The stock options are antidilutive because the strike price is greater than the average fair value of the Company’s common stock.