Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.3
Earnings Per Share
3 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share

Note 9. Earnings Per Share:

The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):

    

Quarter Ended

September 30, 

    

2024

    

2023

Earnings per share – basic:

Net earnings

$

33,600

 

$

50,993

Income allocated to participating securities

 

(6)

 

(8)

Income available to common shareholders

$

33,594

$

50,985

Weighted-average shares outstanding – basic

 

158,531

 

158,130

Earnings per share – basic

$

0.21

$

0.32

Earnings per share – diluted:

 

  

 

  

Net earnings

$

33,600

$

50,993

Income allocated to participating securities

 

(6)

 

(8)

Income available to common shareholders

$

33,594

$

50,985

Weighted-average shares outstanding – basic

 

158,531

 

158,130

Dilutive effect of stock options and restricted stock units

 

2,584

 

3,810

Weighted-average common shares outstanding – diluted

 

161,115

 

161,940

Earnings per share – diluted

$

0.21

$

0.31

The dilutive effect of stock options and restricted stock units in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was 4.1 million and 4.1 million for the quarter ended September 30, 2024 and 2023, respectively.