Net Income Per Share

6 Months Ended

Jun. 30, 2025

Basic net income per share is computed using the weighted-average number of outstanding shares of common stock. Diluted net income per share is computed using the weighted-average number of outstanding shares of common stock, and when dilutive, shares of common stock issuable upon exercise of options and warrants deemed outstanding using the treasury stock method.

The following table shows the computation of basic and diluted net income per share for the following periods (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income	$	3,536	$	3,680	$	8,075	$	4,148

Denominator:
Weighted-average shares outstanding	12,208		12,458		12,218		12,467
Effect of dilutive securities	—		12		—		17
Weighted-average diluted shares	12,208		12,470		12,218		12,484

Basic net income per share	$	0.29	$	0.30	$	0.66	$	0.33
Diluted net income per share	$	0.29	$	0.30	$	0.66	$	0.33

There were no outstanding options to purchase shares of common stock for the six months ended June 30, 2025. For the three and six months ended June 30, 2024, outstanding options to purchase shares of common stock in an aggregate of approximately 37,000 and 42,000, respectively, have been excluded from the calculation of diluted net income per share, as such securities were anti-dilutive.