Earnings Per Share
The following table details the computation of the Company’s basic and diluted EPS:
Year Ended December 31,202520242023
Basic EPS:
Net income
$135,677 $51,330 $38,939 
Weighted-average common shares – Basic114,605,220 111,731,523 108,466,179 
Basic EPS$1.18 $0.46 $0.36 
Diluted EPS:
Net income
$135,677 $51,330 $38,939 
Weighted-average common shares – Diluted117,233,815 113,122,859 108,468,857 
Diluted EPS$1.16 $0.45 $0.36 

Historical Timeline

Fiscal YearFiled
2025Feb 12, 2026Showing above
2024Feb 13, 2025
2023Feb 16, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.