v3.26.1
Earnings per Share
6 Months Ended
Jun. 30, 2026
Earnings per Share  
Earnings per Share

15.

Earnings per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

2025

2026

2025

Net income

$

30,815

$

16,548

$

55,771

$

38,769

Less income allocated to non-controlling interests

 

(1,178)

 

(1,456)

 

(2,541)

 

(2,997)

Less non-forfeitable dividends on participating securities

(158)

(154)

(314)

(317)

Net income available to common stockholders–basic and diluted

$

29,479

$

14,938

$

52,916

$

35,455

Shares for basic net income per share

51,872

45,714

50,217

45,524

Effect of dilutive securities:

Performance-based stock units

326

314

326

314

Total effect of dilutive securities

326

314

326

314

Shares for diluted net income per share

52,198

46,028

50,543

45,838

Basic net income per share

$

0.57

$

0.33

$

1.05

$

0.78

Diluted net income per share

$

0.56

$

0.32

$

1.05

$

0.77