Basic EPS in each period of this report was calculated by dividing net income by the weighted-average number of shares during those periods. Diluted EPS includes additional weighted-average common stock equivalents (options and restricted stock awards), if dilutive. In periods of a net loss position, basic and diluted weighted average common shares are the same. A reconciliation of the denominator used in basic and diluted EPS calculations is shown in the following table:


	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2026	2025	2026	2025
Basic weighted average common shares outstanding	28,781	27,463	28,770	25,925
Effect of dilutive securities:
Option grants	—	24	—	35
Restricted stock awards	28	18	34	27
Total dilutive securities	28	42	34	62
Diluted weighted average common shares outstanding	28,809	27,505	28,804	25,987
Anti-dilutive shares excluded from earnings per diluted share	397	130	397	130