The following table displays the computation of basic and diluted earnings per share, or EPS, for both Class A and Class B common stock 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
	(in millions, except per share amounts)
Numerator:
Net income	$	25.4	$	22.0	$	61.3	$	40.4
Less: Undistributed income allocated to participating securities	1.3		1.1		3.0		2.0
Net income attributable to common shareholders	24.1		20.9		58.3		38.4
Denominator:
Weighted-average common shares outstanding: basic (both Class A and B)	15.7		15.4		15.6		15.3
Effect of dilutive securities:
Redeemable convertible preferred stock	0.8		0.8		0.8		0.8
Service-based restricted stock units	0.3		0.5		0.3		0.6
Market-based restricted stock units	0.1		0.3		0.2		0.3
Performance-based restricted stock units	0.1		—		0.1		—
Stock options	—		0.1		0.1		0.1

Weighted-average common shares outstanding: diluted (both Class A and B)	17.0		17.1		17.1		17.1
Earnings per common share (both Class A and B):
Basic	$	1.54	$	1.36	$	3.74	$	2.51
Diluted	$	1.49	$	1.29	$	3.58	$	2.36

We excluded the following potentially dilutive common stock equivalents, presented based on amounts outstanding at each period end, from the computation of diluted EPS attributable to common shareholders for the periods indicated because including them would have had an anti-dilutive effect:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
	(in millions)


Service-based restricted stock units	0.1	—	0.1	—



Warrants to purchase common stock	7.5	7.5	7.5	7.5
Total	7.6	7.5	7.6	7.5