A reconciliation of the numerators and denominators for earnings per common share computations is presented below. Incremental shares represent outstanding stock options for which the exercise price is less than the average market price of the Company’s common stock during the periods presented. Options to purchase 16,252 and 45,449 shares of common stock were outstanding as of June 30, 2026 and 2025, respectively. There were 698,614 and 768,776 restricted stock awards outstanding at June 30, 2026 and 2025, respectively. For the three and six months ended June 30, 2026 and 2025, there were no anti-dilutive weighted average shares outstanding.

The following represent the calculation of basic and diluted earnings per share for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income	$	40,181	$	30,082	$	77,760	$	58,330
Weighted-average common stock outstanding:
Weighted-average common stock outstanding (basic)		44,596,967		45,306,240		44,667,806		44,551,490
Incremental shares		192,225		178,152		233,743		253,359
Weighted-average common stock outstanding (dilutive)		44,789,192		45,484,392		44,901,549		44,804,849
Basic earnings per common share	$	0.90	$	0.66	$	1.74	$	1.31
Diluted earnings per common share	$	0.90	$	0.66	$	1.73	$	1.30