v3.26.1
Earnings per share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, vested, or converted into common stock and is calculated using the treasury stock method and contingently issuable share guidance, as applicable.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In thousands, except share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,960

 

 

$

2,686

 

 

$

9,348

 

 

$

6,126

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

14,175,312

 

 

 

14,018,629

 

 

 

14,184,951

 

 

 

14,008,385

 

Diluted(1)

 

 

14,464,461

 

 

 

14,553,282

 

 

 

14,436,339

 

 

 

14,528,789

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.35

 

 

$

0.19

 

 

$

0.66

 

 

$

0.44

 

Diluted

 

$

0.34

 

 

$

0.18

 

 

$

0.65

 

 

$

0.42

 

(1)
For the three and six months ended June 30, 2026 and 2025, diluted weighted average shares outstanding reflect the dilutive effect of certain unvested restricted stock units ("RSUs").