| Schedule of Calculation of Basic and Diluted Earnings per Share |
The following table presents the calculation of basic and diluted earnings per share:
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Three Months Ended March 31, |
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2026 |
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2025 |
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Class A |
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Class B |
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Class A |
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Class B |
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(in thousands, except per share data) |
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Numerator |
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Net income |
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$ |
7,939 |
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$ |
5,819 |
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$ |
6,429 |
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$ |
4,977 |
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Net loss attributable to non-controlling interest |
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343 |
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251 |
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233 |
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180 |
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Net income attributable to common
stockholders — basic |
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8,282 |
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6,070 |
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6,662 |
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5,157 |
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Reallocation of undistributed earnings as a result of conversion of Class B to Class A common stock |
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6,070 |
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— |
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5,157 |
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— |
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Reallocation of undistributed earnings to Class B common stock |
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— |
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102 |
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— |
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94 |
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Net income attributable to common
stockholders — diluted |
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$ |
14,352 |
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$ |
6,172 |
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$ |
11,819 |
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$ |
5,251 |
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Denominator |
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Weighted average shares used
to compute earnings per
share — basic |
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41,235 |
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30,223 |
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40,164 |
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31,092 |
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Conversion of Class B to Class A
common stock outstanding |
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30,223 |
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— |
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31,092 |
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— |
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Effect of dilutive stock options
and RSUs |
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893 |
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893 |
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1,015 |
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1,015 |
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Weighted average number of shares
used to compute earnings
per share — diluted |
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72,351 |
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31,116 |
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72,271 |
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32,107 |
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Earnings per share: |
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Basic |
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$ |
0.20 |
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$ |
0.20 |
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$ |
0.17 |
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$ |
0.17 |
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Diluted |
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$ |
0.20 |
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$ |
0.20 |
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$ |
0.16 |
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$ |
0.16 |
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