The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings per share for the three months ended June 30, 2026 and 2025 (amounts in thousands, except per share data):


	Three Months Ended June 30,
	2026		2025
Net income	$	49,780	$	41,171
Less: Net income attributable to redeemable noncontrolling interest	(21)		(246)
Net income attributable to CSW	$	49,759	$	40,925

Weighted average shares:
Common stock	16,274		16,722
Participating securities	56		86
Denominator for basic earnings per common share	16,330		16,808
Potentially dilutive securities	35		55
Denominator for diluted earnings per common share	16,365		16,863

Net income per share attributable to CSW:
Basic	$	3.05	$	2.43
Diluted	$	3.04	$	2.43