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Earnings per share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per share

2. Earnings per share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. 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 and is calculated using the treasury stock method for unvested shares.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In thousands, except share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

2,686

 

 

$

2,637

 

 

$

6,126

 

 

$

4,421

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

14,018,629

 

 

 

13,780,074

 

 

 

14,008,385

 

 

 

13,888,569

 

Diluted(1)

 

 

14,553,282

 

 

 

14,051,466

 

 

 

14,528,789

 

 

 

14,129,262

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.19

 

 

$

0.19

 

 

$

0.44

 

 

$

0.32

 

Diluted

 

$

0.18

 

 

$

0.19

 

 

$

0.42

 

 

$

0.31

 

For the three and six months ended June 30, 2025 and 2024, diluted weighted average shares outstanding are calculated by the inclusion of unvested restricted stock units ("RSUs").