| Summary Calculation of Basic and Diluted Income Per Share |
The following table summarizes the calculation of basic and diluted income per share:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine months ended September 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Net income | | $ | 38,261 | | | $ | 12,208 | | | $ | 61,756 | | | $ | 7,485 | | | | | | | Weighted Average Shares - Basic | | 64,396,991 | | | 63,729,227 | | | 64,329,809 | | | 63,901,455 | | | | | | | Dilutive effect of restricted stock awards | | 504,378 | | | 1,093,842 | | | 463,971 | | | 1,107,733 | | | | | | | Weighted Average Shares - Diluted | | 64,901,369 | | | 64,823,069 | | | 64,793,780 | | | 65,009,188 | | | | | | | Basic net income per share | | $ | 0.59 | | | $ | 0.19 | | | $ | 0.96 | | | $ | 0.12 | | | | | | | Diluted net income per share | | $ | 0.59 | | | $ | 0.19 | | | $ | 0.95 | | | $ | 0.12 | | | | | |
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