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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing the adjusted net income by the weighted average number of common shares outstanding combined with dilutive common share equivalents outstanding, if the effect is dilutive. For the three and nine months ended September 30, 2025 and 2024, there were no adjustments to net income. Potentially dilutive common share equivalents consist of incremental shares of common stock issuable upon exercise of the June 2022 Warrants and vesting and settlement of stock awards. The dilutive effect of non-vested stock issued under share‑based compensation plans, shares issuable under the Employee Stock Purchase Plan, employee stock options outstanding, and the June 2022 Warrants are computed using the treasury stock method.
The calculation of the basic and diluted earnings per share for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands):
 Three months ended September 30,Nine months ended September 30,
 2025202420252024
Numerator:
Net income for basic and diluted earnings per share$20,355 $2,532 $27,503 $6,068 
Denominator:
Basic weighted average shares outstanding (1)
35,868 29,613 33,189 29,498 
Dilutive effect of the June 2022 warrants1,827 1,190 1,773 1,029 
Dilutive effect of stock options and restricted shares442 94 458 128 
Diluted weighted average shares outstanding38,137 30,897 35,420 30,655 
Basic earnings per share$0.57 $0.09 $0.83 $0.21 
Diluted earnings per share$0.53 $0.08 $0.78 $0.20 
(1)Basic weighted average shares outstanding for the three and nine month 2025 periods include the weighted average of 6,000,000 shares associated with the April 2025 Warrant assumed issued at the April 28, 2025 closing date of the PWRtek Transactions (see Note 3, “Asset Acquisition”).