Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes the activity of our time-vested restricted stock units (“RSUs”) for the six months ended June 30, 2026:


	Six Months Ended June 30, 2026
	Shares	Weighted Average Grant Date Fair Value
Beginning balance	222,828	$	86.51
Granted	114,179	$	42.91
Vested	(31,869)	$	105.21
Forfeited	(5,842)	$	71.66
Ending balance	299,296	$	68.24

The following table summarizes the activity of our PSUs for the six months ended June 30, 2026:


	Six Months Ended June 30, 2026
	Target Shares	Weighted Average Grant Date Fair Value
Beginning balance	248,122	$	92.92
Granted	191,158	$	44.40
Vested	(36,883)	$	—
Forfeited	(32,205)	$	104.36
Ending balance	370,192	$	65.81

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025:





	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator (in thousands):
Net income (Numerator for basic and diluted earnings per share)	$	26,984	$	31,533	$	29,144	$	35,527
Denominator:
Basic weighted average shares outstanding	23,201,571		23,221,565		23,191,411		23,308,534
Effect of dilutive securities:
Stock-based compensation units	77,982		43,497		56,635		56,423
Diluted weighted average shares outstanding	23,279,553		23,265,062		23,248,046		23,364,957

Basic earnings per share	$	1.16	$	1.36	$	1.26	$	1.52
Diluted earnings per share	$	1.16	$	1.36	$	1.25	$	1.52
Antidilutive non-vested restricted stock units excluded from calculations of diluted earnings per share	6,864		39,700		29,622		16,340