v3.26.1
Earnings per share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, vested, or converted into common stock and is calculated using the treasury stock method and contingently issuable share guidance, as applicable.

 

 

 

Three Months Ended March 31,

 

(In thousands, except share data)

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net income

 

$

4,388

 

 

$

3,440

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

Basic

 

 

14,194,696

 

 

 

13,998,028

 

Diluted(1)

 

 

14,394,251

 

 

 

14,491,713

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.31

 

 

$

0.25

 

Diluted

 

$

0.30

 

 

$

0.24

 

(1)
For the three months ended March 31, 2026 and 2025, diluted weighted average shares outstanding reflect the dilutive effect of certain unvested restricted stock units ("RSUs").