Note 12 – Earnings Per Share
The following table provides the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (in thousands, except share and per share data) | 2025 | | 2024 | | | | | | | | | | | | | | Basic income per share: | | | | | | | | | Net income (loss) | $ | 3,261 | | | $ | (5,224) | | | | | | | Basic weighted average shares outstanding | 46,601,426 | | | 46,777,178 | | | | | | | Basic income (loss) per share of common stock | $ | 0.07 | | | $ | (0.11) | | | | | | | | | | | | | | | Diluted income per share: | | | | | | | | | Net income (loss) | $ | 3,261 | | | $ | (5,224) | | | | | | | Basic weighted average shares outstanding | 46,601,426 | | | 46,777,178 | | | | | | | Effect of dilutive securities | 798,952 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted weighted average shares outstanding | 47,400,378 | | | 46,777,178 | | | | | | | Diluted income (loss) per share of common stock | $ | 0.07 | | | $ | (0.11) | | | | | | | Anti-dilutive securities excluded from the calculation of diluted income per share | — | | | 862,989 | | | | | |
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