Basic net income per common share is calculated by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. For purposes of the diluted net income per share calculation, stock options, restricted stock units and awards are considered to be potentially dilutive securities. Diluted earnings per share is computed using the treasury stock method.

The following table reconciles net income and weighted-average common shares used to compute basic and diluted net income per share:


	Three months ended June 30,
	2026		2025

Net income:	$	240	$	25,180
Weighted-average common shares:
Basic weighted-average shares	19,085,714		18,621,701
Add: dilutive effect of stock options and restricted stock units	541,798		82,430
Diluted weighted-average common shares	19,627,512		18,704,131

For the three months ended June 30, 2026 and 2025, there were 216,492 and 1,898,083, respectively, stock options and restricted stock units outstanding, excluded from the calculation of diluted weighted-average shares because the effect was anti-dilutive.