The Company calculates earnings per share in accordance with ASC Topic 260 – Earnings Per Share (“EPS”). Basic earnings per share of the Company’s common stock applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of shares of the Company’s common stock outstanding and assumed to be outstanding. Diluted EPS assumes the dilutive effect of outstanding common stock warrants and shares issued in conjunction with the Company’s ESPP and RSUs, all using the treasury stock method.

The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company’s common stockholders for the three and nine months ended September 30, 2026 and 2025:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2026		2025		2026		2025
EPS numerator:
Net income	$	9,450	$	8,788	$	18,577	$	26,764

EPS denominator:
Weighted average shares outstanding – basic	11,888		11,627		11,857		11,558
Impact of dilutive securities	112		480		172		533
Weighted average shares outstanding – diluted	12,000		12,107		12,029		12,091

EPS:
Basic	$	0.79	$	0.76	$	1.57	$	2.32
Diluted	$	0.79	$	0.73	$	1.54	$	2.21

The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted income per share of the Company’s common stock:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025


Service-based RSUs	324	—	56	—

Market-based RSUs	53,497	—	32,296	4
Employee Stock Purchase Plan	148	—	—	186
Total	53,969	—	32,352	190