v3.26.3
Earnings per share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings per share

2. Earnings per share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, vested, or converted into common stock and is calculated using the treasury stock method and contingently issuable share guidance, as applicable.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands, except share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,445

 

 

$

4,213

 

 

$

14,793

 

 

$

10,339

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

15,342,614

 

 

 

14,027,994

 

 

 

14,575,079

 

 

 

14,014,993

 

Diluted(1)

 

 

15,754,154

 

 

 

14,618,657

 

 

 

14,914,635

 

 

 

14,567,167

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.35

 

 

$

0.30

 

 

$

1.01

 

 

$

0.74

 

Diluted

 

$

0.35

 

 

$

0.29

 

 

$

0.99

 

 

$

0.71

 

(1)
For the three and nine months ended September 30, 2026 and 2025, diluted weighted average shares outstanding reflect the dilutive effect of certain unvested restricted stock units ("RSUs").