| Calculation of Basic and Diluted Earnings Per Share |
For the three and six months ended June 30, 2026 and 2025, basic and diluted earnings per share are calculated as follows:
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| | Three Months ended June 30, |
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| | Six Months ended June 30, |
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2026
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2025
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2026
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2025
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Net income available to common stockholders ($000's) (numerator)
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| $ | 37,822 | |
| $ | 34,219 | |
| $ | 83,150 | |
| $ | 61,122 | |
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Weighted-average number of common shares (denominator)
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| | 228,232,503 | |
| | 241,490,715 | |
| | 232,136,480 | |
| | 238,309,156 | |
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Basic earnings per common share
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| $ | 0.17 | |
| $ | 0.14 | |
| $ | 0.36 | |
| $ | 0.26 | |
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Weighted-average number of common shares
|
| | 228,232,503 | |
| | 241,490,715 | |
| | 232,136,480 | |
| | 238,309,156 | |
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Potential shares of common stock arising from outstanding stock options
|
| | 2,104,545 | |
| | 3,760,947 | |
| | 2,572,990 | |
| | 4,036,608 | |
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Potential shares of common stock arising from outstanding warrants
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| | - | |
| | - | |
| | - | |
| | 28,671 | |
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Potential shares of common stock arising from outstanding RSUs
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| | - | |
| | 3,356,798 | |
| | 530,905 | |
| | 3,375,720 | |
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Total shares - diluted (denominator)
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| | 230,337,048 | |
| | 248,608,460 | |
| | 235,240,375 | |
| | 245,750,155 | |
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Diluted earnings per common share
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| $ | 0.16 | |
| $ | 0.14 | |
| $ | 0.35 | |
| $ | 0.25 | |
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| Calculation of Diluted Net Income Per Common Share |
For the three and six months ended June 30, 2026 and 2025, the following awards were excluded from the computation of diluted net income per common share because of their anti-dilutive effects:
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| | Three Months Ended June 30, |
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| | Six Months Ended June 30, |
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2026
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2025
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2026
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2025
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Options
|
| | 1,487,689 | |
| | - | |
| | 1,487,689 | |
| | - | |
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RSUs
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| | 529,199 | |
| | - | |
| | 529,199 | |
| | - | |
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Total
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| | 2,016,888 | |
| | - | |
| | 2,016,888 | |
| | - | |
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