The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings per share for the three and nine months ended December 31, 2025 and 2024 (amounts in thousands, except per share data):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
December 31, | | Nine Months Ended
December 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | Net income | | $ | 10,597 | | | $ | 26,958 | | | $ | 92,581 | | | $ | 102,429 | | | Less: Net income attributable to redeemable noncontrolling interest | | (336) | | | (10) | | | (738) | | | (839) | | | Net income attributable to CSW | | $ | 10,261 | | | $ | 26,948 | | | $ | 91,843 | | | $ | 101,590 | | | | | | | | | | | | Weighted average shares: | | | | | | | | | | Common stock | | 16,500 | | | 16,705 | | | 16,640 | | | 15,969 | | | Participating securities | | 80 | | | 87 | | | 84 | | | 97 | | | Denominator for basic earnings per common share | | 16,580 | | | 16,792 | | | 16,724 | | | 16,066 | | | Potentially dilutive securities | | 61 | | | 80 | | | 57 | | | 70 | | | Denominator for diluted earnings per common share | | 16,641 | | | 16,872 | | | 16,781 | | | 16,136 | | | | | | | | | | | | Net income per share attributable to CSW: | | | | | | | | | | Basic | | $ | 0.62 | | | $ | 1.60 | | | $ | 5.49 | | | $ | 6.32 | | | Diluted | | $ | 0.62 | | | $ | 1.60 | | | $ | 5.47 | | | $ | 6.30 | |
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