| Income Per Common Share |
Income Per Common Share The following table shows the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Basic EPS numerator | | | | | | | | | Net income | $ | 25,988 | | | $ | 19,828 | | | $ | 64,589 | | | $ | 40,472 | | | Less: Allocation of undistributed income of Series E securities | (165) | | | (114) | | | (406) | | | (237) | | | Undistributed income available to common stockholders | $ | 25,823 | | | $ | 19,714 | | | $ | 64,183 | | | $ | 40,235 | | | | | | | | | | | Basic EPS Denominator: | | | | | | | | | Basic weighted average common shares outstanding | 78,444 | | | 67,928 | | | 78,949 | | | 66,593 | | | | | | | | | | | Diluted EPS numerator | | | | | | | | | Net Income | 25,988 | | | 19,828 | | | 64,589 | | | 40,472 | | | Convertible debt interest expense | 1,798 | | | - | | | 3,583 | | | - | | | Less tax effect of interest expense | (592) | | | - | | | (1,131) | | | - | | | Adjusted Net Income | $ | 27,194 | | | $ | 19,828 | | | $ | 67,041 | | | $ | 40,472 | | | | | | | | | | | Diluted EPS Denominator: | | | | | | | | | Basic weighted average common shares outstanding | 78,444 | | | 67,928 | | | 78,949 | | | 66,593 | | | Effect of Series E dilutive securities | 500 | | | 392 | | | 500 | | | 392 | | | Effect of stock options and restricted stock dilutive securities | 2,397 | | | 3,599 | | | 1,955 | | | 3,369 | | | Effect of Convertible Senior Notes dilutive securities | 11,138 | | | - | | | 11,138 | | | - | | | Diluted weighted average common shares outstanding | 92,479 | | | 71,919 | | | 92,543 | | | 70,354 | |
The following potentially dilutive securities have been excluded from the computations of diluted weighted average shares outstanding as they would be antidilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (Number of Shares of Common Stock Issuable) | | (Number of Shares of Common Stock Issuable) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shares underlying outstanding stock options | 457 | | | 89 | | | 472 | | | 109 | | | Shares underlying restricted stock units | 1,171 | | | 121 | | | 2,577 | | | 985 | | | Total potentially dilutive shares | 1,628 | | | 210 | | | 3,049 | | | 1,094 | |
|