The following table sets forth the computation of net income per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands):


	Three Months Ended March 31,
	2026		2025
Basic:
Net income	$	42,478	$	32,102
Less income allocated to participating securities	(585)		(842)
Net income attributable to common stock	$	41,893	$	31,260
Earnings per share, basic	$	2.30	$	1.74
Weighted-average shares outstanding	18,207		17,984
Diluted:
Net income	$	42,478	$	32,102
Less income allocated to participating securities	(585)		(840)
Net income attributable to common stock	$	41,893	$	31,262
Earnings per share, diluted	$	2.30	$	1.73
Weighted-average shares outstanding	18,207		17,984
Dilutive effect of restricted stock	99		157
Adjusted weighted-average shares outstanding under treasury stock method	18,306		18,141
Participating securities excluded under two-class method	(87)		(119)
Adjusted weighted-average shares outstanding under two-class method	18,219		18,022