Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Summary of Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share for the periods presented is as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share amounts)	2026			2025			2026			2025
Numerator:
Net income	$	23,269		$	21,663		$	43,675		$	39,614
Less: Income attributable to participating securities		(651	)		(1,038	)		(1,219	)		(1,912	)
Income attributable to common shareholders	$	22,618		$	20,625		$	42,456		$	37,702
Denominator:
Weighted-average basic shares outstanding		88,228			78,741			88,306			78,741
Weighted-average diluted shares outstanding (1)		88,228			78,741			88,306			78,741
Basic and diluted earnings per share	$	0.26		$	0.26		$	0.48		$	0.48

(1)

For the periods presented, all potentially dilutive securities were excluded from the diluted earnings per share computation because their (i) effect would be anti-dilutive, (ii) exercise prices were "out-of-the-money," or (iii) contingent exercise conditions were unsatisfied.