v3.25.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Basic and Diluted EPS

The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

2,759

 

 

$

4,744

 

 

$

11,548

 

 

$

4,794

 

Less: Earnings allocable to unvested restricted stock

 

 

(192

)

 

 

(260

)

 

 

(769

)

 

 

(519

)

Net income attributable to common shareholders

 

 

2,567

 

 

 

4,484

 

 

 

10,779

 

 

 

4,275

 

Weighted-average basic shares outstanding

 

 

30,456

 

 

 

31,150

 

 

 

30,438

 

 

 

31,348

 

Net income per share attributable to common shareholders

 

$

0.08

 

 

$

0.14

 

 

$

0.35

 

 

$

0.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share (1)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

2,567

 

 

$

4,484

 

 

$

10,779

 

 

$

4,275

 

Weighted-average diluted shares outstanding

 

 

30,742

 

 

 

31,156

 

 

 

30,726

 

 

 

31,351

 

Net income per share attributable to common shareholders

 

$

0.08

 

 

$

0.14

 

 

$

0.35

 

 

$

0.14

 

 

(1)
For the three and six months ended June 30, 2025, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2025, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2025, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,832,900 and 30,828,038, respectively, including 90,604 and 102,232, respectively, contingently issuable shares related to unvested restricted stock awards. For the three and six months ended June 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and six months ended June 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,183,259 and 31,370,543, respectively, including 26,957 and 19,532, respectively, contingently issuable shares related to unvested restricted stock awards.