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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):
| Three months ended June 30, |  | Six months ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Net income | $ | 11,739 |  |  | $ | 6,259 |  |  | $ | 32,665 |  |  | $ | 13,232 |  |  |  |
Less: Earnings allocated to unvested restricted stock | (175) |  |  | (93) |  |  | (510) |  |  | (194) |  |  |  |
Income attributable to common stockholders | $ | 11,564 |  |  | $ | 6,166 |  |  | $ | 32,155 |  |  | $ | 13,038 |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per common share – weighted average shares outstanding | 15,458 |  |  | 14,965 |  |  | 15,352 |  |  | 14,920 |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |
Stock options | 195 |  |  | 22 |  |  | 176 |  |  | 20 |  |  |  |
Performance awards | — |  |  | 416 |  |  | — |  |  | 416 |  |  |  |
Denominator for diluted earnings per common share – weighted average shares outstanding | 15,653 |  |  | 15,403 |  |  | 15,528 |  |  | 15,356 |  |  |  |
Basic earnings per common share: | $ | 0.75 |  |  | $ | 0.41 |  |  | $ | 2.09 |  |  | $ | 0.87 |  |  |  |
Diluted earnings per common share: | $ | 0.74 |  |  | $ | 0.40 |  |  | $ | 2.07 |  |  | $ | 0.85 |  |  |  |
Stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect are as follows (in thousands):
| Three months ended June 30, |  | Six months ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |
Antidilutive stock options | 228 |  |  | 1,433 |  |  | 224 |  |  | 1,456 |  |  |  |

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