Income Per Share of Common Stock

6 Months Ended

Jun. 30, 2026

Income Per Share of Common Stock [Abstract]

INCOME PER SHARE OF COMMON STOCK

NOTE 12 - INCOME PER SHARE OF COMMON STOCK:

The following table summarizes the calculation of basic and diluted income per common stock (in thousands, except for share and per share amounts):

		Six months ended								Three months ended
		June 30, 2026				June 30, 2025				June 30, 2026				June 30, 2025
Basic income per common stock (numerator):
Net income applicable to common stock – basic			116,466				5,646				78,156				13,288
common stock (denominator):
Weighted average number of common stock – basic			40,907,909				41,488,994				41,040,479				41,743,486
Basic income per common stock			2.85				0.14				1.90				0.32

Diluted income per common stock (numerator):
Net income applicable to common stock – diluted			116,466				5,646				78,156				13,288
common stock (denominator):
Weighted average number of common stock – basic			40,907,909				41,488,994				41,040,479				41,743,486
Diluted effect of Options, RSU and PSUs			1,328,547				1,395,010				1,460,773				865,939
Weighted average number of common stock – diluted			42,236,456				42,884,004				42,501,252				42,609,425
Diluted income per common stock			2.76				0.13				1.84				0.31

For the six months and three months ended June 30, 2026, options to purchase common stock and warrants totaling 1,308,383 and 1,189,883, respectively were excluded from the calculation of diluted income per common stock, as their effect was antidilutive. For the six months and three months ended June 30, 2025, options to purchase common stock and warrants totaling 2,801,056 and 1,762,508, respectively were excluded from the calculation of diluted income per common stock, as their effect was antidilutive.