| Earnings Per Share |
Earnings Per Share The following table provides the calculation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | ($ in thousands, except share and per share data) | | Numerator | | | | | | | | | Net income | $ | 12,942 | | | $ | 15,176 | | | $ | 45,090 | | | $ | 38,943 | | | | | | | | | | | Denominator | | | | | | | | | Basic weighted average shares outstanding | 32,944,249 | | | 32,782,300 | | | 32,880,107 | | | 32,722,642 | | Effect of dilutive awards(1): | | | | | | | | | Restricted stock units | 562,466 | | | 352,420 | | | 479,533 | | | 472,071 | | | Performance stock units | 212,835 | | | 131,209 | | | 184,105 | | | 130,171 | | | Warrants | 537,006 | | | 384,994 | | | 305,073 | | | 482,221 | | Diluted weighted average shares outstanding | 34,256,556 | | | 33,650,923 | | | 33,848,818 | | | 33,807,105 | | | | | | | | | | | Earnings per share | | | | | | | | | Basic | $ | 0.39 | | | $ | 0.46 | | | $ | 1.37 | | | $ | 1.19 | | | Diluted | $ | 0.38 | | | $ | 0.45 | | | $ | 1.33 | | | $ | 1.15 | |
__________________ (1)For the three and nine months ended September 30, 2026, there were 2,438 and 5,520 anti-dilutive awards, respectively, that were excluded from the calculation of diluted weighted-average shares outstanding, compared to nil for the same periods in 2025.
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