Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock and is calculated using the treasury stock method.

The calculation of shares used in the basic and diluted net income per common share calculation for the three months ended March 31, 2026 and 2025 is as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Weighted average number of common shares outstanding		80,881		84,435
Weighted average number of dilutive common share equivalents		2,194		995
Weighted average number of common and common equivalent shares outstanding		83,075		85,430
Antidilutive restricted stock not included in the diluted net income per common share calculation		35		10