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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of the Company’s basic and diluted earnings per share:

 

 

 

Three Months Ended
March 31,

 

(in thousands, except per share data)

 

2026

 

 

2025

 

Net income

 

$

13,023

 

 

$

3,644

 

 

 

 

 

 

 

 

Denominator for basic earnings per share

 

 

35,766

 

 

 

36,052

 

Incremental common shares attributable to outstanding restricted stock units

 

 

510

 

 

 

553

 

Denominator for diluted earnings per share

 

 

36,276

 

 

 

36,605

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.36

 

 

$

0.10

 

Diluted

 

$

0.36

 

 

$

0.10