Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2026

The net income used in the calculation of basic and diluted net income per share is as follows:

In calculating the net income per share, basic and diluted, the following weighted-average shares were used:


		Three months ended March 31,
		2026		2025
Basic weighted-average number of shares outstanding		30,239,980		22,008,766
Unvested time-based restricted shares		22,486		101,053
Diluted weighted-average shares outstanding		30,262,466		22,109,819

The Company excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.


		Three months ended March 31,
		2026		2025
Anti-dilutive unvested time-based restricted shares		759,306		459,917