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Earnings Per Share
 3 Months Ended
Mar. 31, 2026
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 months ended March 31, 2026 and 2025 is as follows:

(in thousands, except per share data)
  
For the three months ended
  
 
  
March 31,
  
 
  
2026
    
2025
  
 
            
 
            
Net income
  
$
16,285
    
$
14,275
  
Weighted average common shares
    
17,813
      
19,020
  
Effect of Dilutive Securities:
                
Stock Options and Restricted Stock Units
    
63
      
24
  
Weighted average common shares including potential dilutive shares
    
17,876
      
19,044
  
 
                
Basic EPS
  
$
0.91
    
$
0.75
  
 
                
Diluted EPS
  
$
0.91
    
$
0.75
  

For the three months ended March 31, 2026 there were no weighted average antidilutive stock options excluded from diluted earnings per share.  For the three months ended March 31, 2025 there were approximately 8 thousand weighted average anti-dilutive stock options excluded from dilutive.  The stock options were antidilutive because the strike price is greater than the average fair value of the Company’s common stock.