Basic earnings per share of Company Common Stock is calculated by dividing the net income attributable to the Company during the period by the weighted average number of shares of Company Common Stock outstanding during the same period. Diluted earnings per share, if dilutive, includes the incremental effect of issuable shares from stock awards, as determined using the treasury stock method.

As a result of the Merger, as discussed in Note 1. Summary of Business, all historical per share data, number of shares and numbers of issuable shares from stock awards were retroactively adjusted. The following table summarizes the basic and diluted earnings per share calculations:


	Three Months Ended March 31,
	2025		2024
Numerator:
Net income (in thousands)	$	14,757	$	16,417
Denominator:
Basic weighted average number of shares outstanding		69,290,100		30,978,328
Dilutive effect of equity awards		187,419		1,314,559
Diluted weighted average number of shares		69,477,519		32,292,887
Income per share:
Basic	$	0.21	$	0.53
Diluted	$	0.21	$	0.51
Potentially dilutive shares excluded as anti-dilutive		2,484		101,630