Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
(In thousands, except per share data) 2025 2024 2025 2024
Numerator:
Net income attributable to common shareholders $ 18,532  $ 17,599  $ 25,914  $ 19,672 
Adjustment for accretion of tax equity financing fees (27) (26) (82) (80)
Income attributable to common shareholders $ 18,505  $ 17,573  $ 25,832  $ 19,592 
Denominator:
Basic weighted-average shares outstanding 52,716  52,413  52,633  52,352 
Effect of dilutive securities: (1)
Stock options 654  830  462  746 
Diluted weighted-average shares outstanding 53,370  53,243  53,095  53,098 
Net Income per share attributable to common shareholders:
Basic $ 0.35  $ 0.34  $ 0.49  $ 0.37 
Diluted $ 0.35  $ 0.33  $ 0.49  $ 0.37 
Potentially dilutive shares (1)
2,789  2,204  2,718  2,084 
(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.