v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
EARNINGS PER SHARE  
EARNINGS PER SHARE

8.    EARNINGS PER SHARE

Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. In addition, the Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and are therefore considered participating securities. The following table shows the restricted shares of common stock outstanding issued to employees and as seller consideration as part of Pintail acquisition (participating securities) and a reconciliation of outstanding weighted average shares:

Three months ended

Six months ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands)

Net income available for stockholders

$

12,075

$

10,148

$

12,930

$

22,178

Less: Adjustments for earnings attributable to participating securities

(424)

(21)

(655)

(256)

Net income used in calculating earnings per share

$

11,651

$

10,127

$

12,275

$

21,922

Weighted average shares outstanding (including participating securities)

 

221,659

 

220,610

 

221,495

 

218,150

Adjustment for participating securities

 

(6,662)

 

(8,390)

 

(6,713)

 

(6,080)

Shares used in calculating basic and diluted earnings per share

 

214,997

 

212,220

 

214,782

 

212,070