Basic and Diluted Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the computation of basic and diluted net income per share of common stock:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
(in thousands, except per share data)	(unaudited)				(unaudited)
Net income	$	5,218	$	5,774	$	11,036	$	10,461
Weighted-average shares outstanding — Basic	12,784		12,716		12,783		12,715
Effect of dilutive securities:

Restricted stock units	46		58		46		55
Performance-based restricted stock units	42		61		42		60
Weighted-average shares outstanding — Diluted	12,872		12,835		12,871		12,830
Basic net income per share	$	0.41	$	0.45	$	0.86	$	0.82
Diluted net income per share	$	0.41	$	0.45	$	0.86	$	0.82

Restricted stock units excluded from the calculation of diluted net income per share because the effect would have been anti-dilutive are as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
(shares in thousands)	2026	2025	2026	2025
	(unaudited)		(unaudited)
Anti-dilutive restricted stock units	16	—	10	—