XML 28 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

The following table sets forth basic and diluted weighted average shares outstanding used to compute earnings per share:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

 

37,527

 

 

 

 

37,491

 

 

 

 

37,641

 

 

 

 

37,485

 

Dilutive effect of stock options and full value awards

 

 

81

 

 

 

 

83

 

 

 

 

55

 

 

 

 

118

 

Diluted weighted average shares outstanding

 

 

37,608

 

 

 

 

37,574

 

 

 

 

37,696

 

 

 

 

37,603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 $

 

1.90

 

 

 $

 

1.47

 

 

 $

 

5.55

 

 

 $

 

5.03

 

Diluted earnings per share

 

 

1.90

 

 

 

 

1.46

 

 

 

 

5.55

 

 

 

 

5.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and full value awards totaling 208,102 shares and 420,590 shares for the three months ended September 30, 2024 and 2023, respectively, and 408,112 shares and 279,939 shares for the nine months ended September 30, 2024 and 2023, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.