Earnings Per Share

6 Months Ended

Jun. 30, 2025

Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. The calculation of diluted earnings per common share includes the dilutive effects for the assumed vesting of outstanding stock-based awards. The antidilutive common stock equivalents excluded from the diluted per share calculation are not material.

The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:


	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025	2024
Basic weighted average common shares outstanding	20,670,239	17,152,661	20,644,215	16,468,288
Effect of dilutive shares	61,158	49,454	91,764	102,745
Diluted weighted average common shares outstanding	20,731,397	17,202,115	20,735,979	16,571,033