Earnings per share

6 Months Ended

Jun. 30, 2025

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The computations for basic and diluted earnings per share are as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024

Net income	$	9,695	$	7,673	$	43,111	$	28,697

Weighted-average common shares outstanding — basic		66,698		67,118		67,037		66,924
Effect of stock options and restricted stock units		487		579		769		691

Weighted-average common shares outstanding — diluted		67,185		67,697		67,806		67,615

Basic earnings	$	0.15	$	0.11	$	0.64	$	0.43
Diluted earnings	$	0.14	$	0.11	$	0.64	$	0.42

For the three and six months ended June 30, 2025, respectively, there were 4 and 159 restricted stock units ("RSUs") excluded from the calculation of diluted earnings per share, based on the application of the treasury stock method, as such RSUs were determined to be anti-dilutive. For the three and six months ended June 30, 2024, respectively, there were 60 and 59 stock options ("NQSOs") and RSUs excluded from the calculation of diluted earnings per share, based on the application of the treasury stock method, as such NQSOs and RSUs were determined to be anti-dilutive.

For the three and six months ended June 30, 2025, respectively, there were 487 and 769 RSUs included in the diluted weighted average common shares outstanding. For the three and six months ended June 30, 2024, respectively, there were 579 and 691 NQSOs and RSUs included in the calculation of diluted earnings per share based on the application of the treasury stock method.