Basic net income per share is based upon the weighted-average number of shares of Company common stock, par value $0.0001 per share (“common stock”), outstanding during the period. Diluted net income per share of common stock reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Stock options, restricted stock units and performance-based restricted stock units granted by us represent the only dilutive effect reflected in diluted weighted-average shares of common stock outstanding.


	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	—