Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2026		2025		2026		2025
Net income	$	34,169	$	27,542	$	67,854	$	53,905
Weighted average number of common shares outstanding	31,924		32,757		32,059		32,854
Effect of dilutive stock options and restricted stock	183		179		189		179
Weighted average number of common shares outstanding used to calculate diluted earnings per share	32,107		32,936		32,248		33,033
Options excluded from diluted earnings per share because of their antidilutive effect	—		—		—		—