The following table presents the computation of earnings per share for the periods shown below (in thousands, except share and per share amounts):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net income	$	50,074	$	20,765	$	100,052	$	72,888
Less net income attributable to non-controlling interest		37,997		16,036		75,655		56,772
Net income attributable to shareholders – basic and diluted	$	12,077	$	4,729	$	24,397	$	16,116

Weighted average shares outstanding – basic		31,733,765		31,489,508		31,904,953		27,715,777
Issued upon assumed exercise of outstanding stock options		57,492		—		61,227		—
Dilutive effect of unvested restricted common stock		155,482		203,188		254,503		289,504
Dilutive effect of unvested performance units		416,213		470,130		447,800		465,153
Weighted average shares outstanding – diluted		32,362,952		32,162,826		32,668,483		28,470,434

Earnings per share
Basic	$	0.38	$	0.15	$	0.76	$	0.58
Diluted	$	0.37	$	0.15	$	0.75	$	0.57

The following table presents the common stock share equivalents excluded from the calculation of diluted earnings per share for the periods shown below, as they would have had an antidilutive effect:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Stock options		—		9,828		—		3,438
Restricted common stock		9,933		802		7,056		—
Performance stock units		60,651		3,648		38,734		1,195
Class B Common Stock		82,021,389		82,021,389		82,021,389		82,021,389