Basic earnings per share is calculated by dividing net income for the period by the weighted-average number of common shares outstanding for the period. In computing dilutive earnings per share, basic earnings per share is adjusted for the assumed issuance of all applicable potentially dilutive share-based awards, including common stock options, RSUs, RSAs and PSUs. Shares of treasury stock are not considered outstanding and therefore are excluded from the weighted-average number of common shares outstanding calculation.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Net income	$	4,205	$	11,007	$	4,716	$	18,776

Shares:
Weighted-average common shares outstanding – basic	30,109,812		29,843,687		29,989,347		30,213,762
Effect of dilutive securities
RSUs	146,294		52,605		162,856		74,974
Stock options	29,823		8,718		30,883		26,517
RSAs	22,717		1,921		37,224		27,708
PSUs	300,160		5,684		280,499		27,108
Weighted-average common shares outstanding – diluted	30,608,806		29,912,615		30,500,809		30,370,069

Earnings per common share – basic	$	0.14	$	0.37	$	0.16	$	0.62
Earnings per common share – diluted	$	0.14	$	0.37	$	0.15	$	0.62

As of June 30, 2026, there were approximately 409.4 thousand RSUs and 354.7 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.

As of June 30, 2025, there were approximately 83.8 thousand stock options, 496.9 thousand RSUs, 257.2 thousand RSAs and 236.1 thousand PSUs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.