Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock outstanding plus all potentially dilutive securities. Dilutive common shares consist primarily of stock options and restricted stock awards.

The following table sets forth the computation of basic and diluted earnings per share:




	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:	(in thousands, except share and per share data)
Net income	$	56,659	$	15,487	$	96,474	$	44,779
Denominator:
Basic weighted average shares	82,189,734		81,441,511		82,213,148		81,456,845
Effect of dilutive shares related to stock based compensation1	1,531,465		1,514,702		1,477,408		1,696,943

Diluted weighted average shares	83,721,199		82,956,213		83,690,556		83,153,788
Earnings per share:
Basic	$	0.69	$	0.19	$	1.17	$	0.55
Diluted	$	0.68	$	0.19	$	1.15	$	0.54
Anti-dilutive shares:
Shares	561,965		747,383		605,311		427,819