Earnings per share

3 Months Ended

Mar. 31, 2025

2. Earnings per share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for unvested shares.


	Three Months Ended March 31,
(In thousands, except share data)	2025		2024
Numerator:
Net income	$	3,440	$	1,784
Denominator:
Weighted average shares outstanding:
Basic		13,998,028		13,997,064
Diluted(1)		14,491,713		14,164,506
Earnings per share:
Basic	$	0.25	$	0.13
Diluted	$	0.24	$	0.13

(1)

For the three months ended March 31, 2025 and 2024, diluted weighted average shares outstanding are calculated by the inclusion of unvested restricted stock units ("RSUs").