Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings per share:

Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month periods ended March 31, 2025, and 2024 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month periods ended March 31, 2025, and 2024:

	Three Months Ended
	March 31,
	2025		2024
	(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		21,444		21,143
Incremental common shares attributable to exercise of outstanding options and warrants		2,881		3,459
Weighted average number of common shares used to compute diluted earnings per share		24,325		24,602

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three months ended March 31, 2025, would have included an additional 1.4 million shares attributable to the exercise of outstanding options and warrants. For the three months ended March 31, 2024, 1.7 million shares, would be included in the diluted earnings per share calculation.