Global Water Resources Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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5. EARNINGS PER SHARE
- EARNINGS PER SHARE
Basic earnings per share (“EPS”) in each period of this report were calculated by dividing net income by the weighted-average number of shares during those periods. Diluted EPS includes additional weighted-average common stock equivalents (options and restricted stock awards), if dilutive. A reconciliation of the denominator used in Basic and Diluted EPS calculations is show in the following table:
| Years Ended December 31, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Basic weighted average common shares outstanding | 24,205 | 24,045 |
| Effect of dilutive securities: | ||
| Option grants | 78 | 75 |
| Restricted stock awards | 20 | 10 |
| Total dilutive securities | 98 | 85 |
| Diluted weighted average common shares outstanding | 24,303 | 24,130 |
| Anti-dilutive shares excluded from earnings per diluted shares(1) | — | 91 |
(1) Shares were excluded from the dilutive-effect calculation because the outstanding awards’ exercise prices were greater than the average market price of the Company’s common stock.
Refer to Note 15 – “Share-based Compensation” for additional information regarding the option and restricted stock grants.
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