The Company calculates earnings per share in accordance with ASC Topic 260 - Earnings Per Share (“EPS”). Basic earnings per share of the Company's common stock applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of shares of the Company's common stock outstanding and assumed to be outstanding. Diluted EPS assumes the dilutive effect of outstanding common stock warrants and shares issued in conjunction with the Company’s ESPP and RSUs, all using the treasury stock method.

The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company's common stockholders for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2026		2025
EPS numerator:
Net income	$	4,380	$	10,214

EPS denominator:
Weighted average shares outstanding – basic	11,759		11,419
Impact of dilutive securities	308		633
Weighted average shares outstanding – diluted	12,068		12,052

EPS:
Basic	$	0.37	$	0.89
Diluted	$	0.36	$	0.85

The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted income per share of the Company's common stock:


	Three Months Ended March 31,
	2026	2025


Service-based RSUs	39	—

Market-based RSUs	5,169	7,451

Total	5,208	7,451