v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share The following tables present the net income and the weighted average number of shares outstanding used in the
earnings per share calculations. For the three and six months ended June 30, 2025, there were no potentially dilutive
instruments outstanding.
For the three and six months ended June 30, 2026, diluted earnings per share reflects the impact of RSUs and PSUs
using the treasury stock method. For the three and six months ended June 30, 2026, approximately 3,455 and 1,834
incremental shares, respectively, were considered dilutive, primarily related to RSUs and PSUs. The impact of these
dilutive shares was immaterial and did not change diluted earnings per share when rounded.
Three Months Ended June 30,
2026
2025
Numerator:
Net income attributable to common shareholders
$34,146
$27,494
Income allocated to participating securities
Income available for common shareholders
$34,146
$27,494
Denominator:
Shares outstanding
19,593,427
19,571,965
Weighted average common shares outstanding - basic
19,586,994
16,962,075
Weighted average common shares outstanding - diluted(1)
19,590,448
16,962,075
Earnings available to common shareholders per share
Basic
$1.74
$1.62
Diluted
$1.74
$1.62
(1)19,337 anti-dilutive shares were excluded from the diluted earnings per share computation for the three months ended June
30, 2026 in accordance with ASC 260.
Six Months Ended June 30,
2026
2025
Numerator:
Net income attributable to common shareholders
$54,056
$65,590
Income allocated to participating securities
2,190
Income available for common shareholders
$54,056
$63,400
Denominator:
Shares outstanding
19,593,427
19,571,965
Weighted average common shares outstanding - basic
19,583,036
15,152,075
Weighted average common shares outstanding - diluted(1)
19,584,870
15,152,075
Earnings available to common shareholders per share
Basic
$2.76
$4.18
Diluted
$2.76
$4.18
(1)18,693 anti-dilutive shares were excluded from the diluted earnings per share computation for the six months ended June 30,
2026 in accordance with ASC 260.