v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of the Company’s basic and diluted earnings per share:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income

 

$

19,882

 

 

$

972

 

 

$

32,905

 

 

$

4,616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share

 

 

35,898

 

 

 

35,991

 

 

 

35,833

 

 

 

36,021

 

Incremental common shares attributable to outstanding restricted stock units

 

 

499

 

 

 

267

 

 

 

508

 

 

 

406

 

Denominator for diluted earnings per share

 

 

36,397

 

 

 

36,258

 

 

 

36,341

 

 

 

36,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.55

 

 

$

0.03

 

 

$

0.92

 

 

$

0.13

 

Diluted

 

$

0.55

 

 

$

0.03

 

 

$

0.91

 

 

$

0.13