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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share of Common Stock

The following table sets forth the computation of basic and diluted net income per share of common stock:

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Net income

 

$

12,236

 

 

$

10,028

 

 

$

20,318

 

 

$

14,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

47,570

 

 

 

35,000

 

 

 

44,373

 

 

 

35,000

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

  APC RSUs and APC PSUs

 

 

34

 

 

 

 

 

 

17

 

 

 

 

Weighted average common shares outstanding — Diluted

 

 

47,604

 

 

 

35,000

 

 

 

44,390

 

 

 

35,000

 

Net income per share — Basic

 

$

0.26

 

 

$

0.29

 

 

$

0.46

 

 

$

0.42

 

Net income per share — Diluted

 

$

0.26

 

 

$

0.29

 

 

$

0.46

 

 

$

0.42