The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator
Net income	$	15,630	$	17,210	$	32,402	$	31,749
Allocation of earnings to participating securities	(199)		(190)		(409)		(350)
Numerator for basic and diluted EPS - net income available to common stockholders	$	15,431	$	17,020	$	31,993	$	31,399



Denominator
Weighted-average common shares outstanding - basic	16,311,782		17,006,141		16,446,295		17,008,699
Dilutive effect of assumed exercise of stock options	111,660		100,307		123,607		101,143
Weighted-average common shares outstanding - diluted	16,423,442		17,106,448		16,569,902		17,109,842
Net income per share - basic	$	0.95	$	1.01	$	1.95	$	1.85
Net income per share - diluted	$	0.94	$	1.00	$	1.93	$	1.84