EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

18. EARNINGS PER SHARE

The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(In thousands, except per share data)	2025		2024		2023
Net income	$	77,480	$	53,412	$	58,669

Weighted-average shares outstanding for basic earnings per share	26,931,761		27,057,329		27,027,681
Add: Dilutive effect of employee stock options and awards	113,409		99,791		52,837


Weighted-average shares outstanding for diluted earnings per share	27,045,170		27,157,120		27,080,518

Basic earnings per share	$	2.88	$	1.97	$	2.17
Diluted earnings per share	$	2.86	$	1.97	$	2.17

Anti-dilutive employee stock options and awards	—		58		19,030