We calculate net income per common share - basic using the two class method. We calculate net income per common share - diluted using the more dilutive of the two class or treasury stock method. Unvested share awards are considered participating securities and the related impact on earnings are considered when calculating net income per common share - basic and net income per common share - diluted.

The calculation of net income per common share - basic and diluted is as follows (amounts in thousands, except per share data):


	Three Months Ended March 31,
	2026		2025
Numerators:
Net income	$	4,385	$	4,532
Net income attributable to unvested share awards	(55)		(51)
Net income used in calculating net income per common share - basic and diluted	$	4,330	$	4,481

Denominators:
Weighted average common shares outstanding - basic and diluted	22,398		14,757

Net income per common share - basic and diluted	$	0.19	$	0.30