NET INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2026

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the three months ended March 31, 2026 and March 31, 2025, 0.2 million and 1.1 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.      

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2026		2025
Basic:
Net income	$	2,716	$	1,488
Weighted average common shares		47,746		48,369
Earnings per share	$	0.06	$	0.03
Diluted:
Net income	$	2,716	$	1,488
Basic weighted average common shares		47,746		48,369
Potential common shares		2,429		1,883
Diluted weighted average common shares		50,175		50,252
Diluted earnings per share	$	0.05	$	0.03