The holders of the Company’s Class A and Class B common stock (together, “common stock”) have identical liquidation and dividend rights but different voting rights. Accordingly, the Company presents the earnings per share (“EPS”) for Class A and Class B common stock together.

The following table sets forth the computation of basic and diluted net income per share of common stock:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands)
Net income	$	12,236	$	10,028	$	20,318	$	14,561

Weighted average common shares outstanding — Basic		47,570		35,000		44,373		35,000
Effect of dilutive securities:
APC RSUs and APC PSUs		34		—		17		—
Weighted average common shares outstanding — Diluted		47,604		35,000		44,390		35,000
Net income per share — Basic	$	0.26	$	0.29	$	0.46	$	0.42
Net income per share — Diluted	$	0.26	$	0.29	$	0.46	$	0.42