| Summary of Basic and Diluted Earnings Per Share |
The following table summarizes the basic and diluted earnings per share calculations:
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Three months ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Numerator: |
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Net income (in thousands) |
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$ |
15,345 |
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$ |
9,534 |
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$ |
30,102 |
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$ |
25,951 |
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Denominator: |
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Basic weighted average number of shares outstanding |
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68,943,387 |
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30,978,880 |
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69,115,786 |
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30,978,604 |
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Dilutive effect of equity awards |
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204,070 |
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1,337,622 |
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214,812 |
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1,324,161 |
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Diluted weighted average number of shares |
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69,147,457 |
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32,316,502 |
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69,330,598 |
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32,302,765 |
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Income per share: |
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Basic |
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$ |
0.22 |
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$ |
0.31 |
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$ |
0.44 |
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$ |
0.84 |
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Diluted |
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$ |
0.22 |
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$ |
0.30 |
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$ |
0.43 |
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$ |
0.80 |
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Potentially dilutive shares excluded as anti-dilutive |
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19,341 |
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89,684 |
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9,555 |
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89,684 |
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