The Company calculates earnings per share in accordance with ASC Topic 260 – Earnings Per Share (“EPS”). Basic earnings per share of the Company’s common stock applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of shares of the Company’s common stock outstanding and assumed to be outstanding. Diluted EPS assumes the dilutive effect of outstanding common stock warrants and shares issued in conjunction with the Company’s ESPP and RSUs, all using the treasury stock method.

The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company’s common stockholders for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2026		2025		2026		2025
EPS numerator:
Net income	$	4,747	$	7,762	$	9,127	$	17,976

EPS denominator:
Weighted average shares outstanding – basic	11,921		11,625		11,841		11,523
Impact of dilutive securities	119		490		206		584
Weighted average shares outstanding – diluted	12,040		12,114		12,047		12,107

EPS:
Basic	$	0.40	$	0.67	$	0.77	$	1.56
Diluted	$	0.39	$	0.64	$	0.76	$	1.48

The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted income per share of the Company’s common stock:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025


Service-based RSUs	—	—	40	—

Market-based RSUs	9,278	—	10,523	—
Employee Stock Purchase Plan	—	246	—	668
Total	9,278	246	10,563	668