The following table sets forth the computation of basic and diluted net income per common share for the three months ended March 31, 2026 and 2025, respectively. Net income available to common stockholders excludes dividends paid on participating securities which include restricted stock and time-based RSUs. Dividends accrue but are not paid on unvested performance-based RSUs.


	Three Months Ended March 31,
(In thousands, except per share data)	2026		2025
Net income	$	2,548	$	1,591
Participating securities' share in earnings	(774)		(758)
Net income, less participating securities' share in earnings	$	1,774	$	833

Weighted average Common Shares outstanding
Weighted average Common Shares outstanding	28,556		28,324
Unvested restricted shares	(1,565)		(1,591)
Weighted average Common Shares outstanding–Basic	26,991		26,733

Weighted average Common Shares outstanding –Diluted	26,991		26,733

Basic Net Income Per Common Share	$	0.07	$	0.03

Diluted Net Income Per Common Share	$	0.07	$	0.03