The Company calculates earnings per share in accordance with ASC Topic 260 - Earnings Per Share (“EPS”). Basic earnings per share of the Company's common stock applicable to common stockholders is computed by dividing earnings applicable to

common stockholders by the weighted-average number of shares of the Company's common stock outstanding and assumed to be outstanding. Diluted EPS assumes the dilutive effect of outstanding common stock warrants, shares issued in conjunction with the Company’s ESPP and RSUs, all using the treasury stock method.

The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company's common stockholders for the three months ended March 31, 2025 and 2024:


	Three Months Ended March 31,
(in thousands, except per share amounts)		2025		2024
EPS numerator:
Net income		$	10,214	$	7,586

EPS denominator:
Weighted average shares outstanding – basic		11,419		11,160
Impact of dilutive securities		633		735
Weighted average shares outstanding – diluted		12,052		11,895

EPS:
Basic		$	0.89	$	0.68
Diluted		$	0.85	$	0.64

The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted income per share of the Company's common stock:


	Three Months Ended March 31,
		2025	2024



Performance-based RSUs (See Note 14)		—	261
Market-based RSUs (See Note 14)		7,451	—

Total		7,451	261