The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2025 and 2024 (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net income	$	30,146	$	35,084	$	194,861	$	131,761
Denominator:
Basic
Weighted average common shares outstanding (1)	62,360		50,145		63,243		50,101
Diluted
Stock options (2)	68		77		77		77
Restricted stock units and awards (2)	152		74		170		76
Performance share units	116		96		116		96
Contingent shares (3)	3		9		3		9
Diluted weighted average common shares outstanding (4)	62,699		50,401		63,609		50,359
Basic earnings per share	$	0.48	$	0.70	$	3.08	$	2.63
Diluted earnings per share	$	0.48	$	0.70	$	3.06	$	2.62

(1)A total of 13.6 million shares that were issued as consideration in connection with the Transaction are included for the three and nine months ended September 30, 2025. Refer to Note 3, Business Combinations for more detail.

(2)A total of 103 thousand and 73 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2025, respectively, as their effect would be anti-dilutive. A total of 8 thousand and 49 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2024, respectively, as their effect would be anti-dilutive.

(3)Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future conditions have been met.

(4)The denominator used in calculating diluted earnings per share did not include 151 thousand PSUs for both the three and nine months ended September 30, 2025. The denominator used in calculating diluted earnings per share did not include 158 thousand PSUs for both the three and nine months ended September 30, 2024. The performance conditions associated with

these PSUs were not met and consequently none of these PSUs were considered as issuable for the three and nine months ended September 30, 2025 and 2024.