Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Earnings Per Share
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted loss per share:
Three Months Ended June 30, Six Months Ended June 30,
(In thousands, except per share data) 2025 2024 2025 2024
Numerator:
Net income attributable to common shareholders $ 12,864  $ 5,010  $ 7,381  $ 2,073 
Adjustment for accretion of tax equity financing fees (27) (27) (54) (54)
Income attributable to common shareholders $ 12,837  $ 4,983  $ 7,327  $ 2,019 
Denominator:
Basic weighted-average shares outstanding 52,638  52,355  52,591  52,322 
Effect of dilutive securities: (1)
Stock options 183  758  306  694 
Diluted weighted-average shares outstanding 52,821  53,113  52,897  53,016 
Net Income per share attributable to common shareholders:
Basic $ 0.24  $ 0.10  $ 0.14  $ 0.04 
Diluted $ 0.24  $ 0.09  $ 0.14  $ 0.04 
Potentially dilutive shares (1)
3,649  2,228  2,566  2,092 
(1) Dilutive securities and potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.