v3.26.1
Earnings per Share ("EPS")
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings per Share ("EPS") Earnings per Share ("EPS")
Basic EPS of Class A common stock is computed by dividing net income by the weighted average number of shares of Class A common stock outstanding during the period (which does not include treasury stock). Diluted EPS of Class A common stock is computed similarly to basic EPS except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury stock method, if dilutive. The Company’s restricted/performance stock units are considered common stock equivalents for this purpose.
Basic and diluted EPS of Class A common stock have been computed as follows (in thousands, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income - basic and diluted$12,138 $13,855 $11,841 $13,573 
Denominator:
Weighted average shares of Class A common stock outstanding - basic168,059 167,286 167,808 167,124 
Effect of dilutive securities:
Restricted / performance stock units1,964 276 2,085 114 
Weighted average shares of Class A common stock outstanding - diluted170,023 167,562 169,893 167,238 
Earnings per share of Class A common stock - basic$0.07 $0.08$0.07 $0.08 
Earnings per share of Class A common stock - diluted$0.07 $0.08$0.07 $0.08