v3.25.2
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2024
EARNINGS PER SHARE  
EARNINGS PER SHARE

(6)   EARNINGS PER SHARE

The calculation of basic and diluted earnings per share for the years ended December 31, 2024 and 2023 are as follows (in thousands, except per share data):

For the Years Ended December 31, 

    

2024

    

2023

Basic earnings per share

 

  

 

  

Net income

$

2,994

$

9,732

Basic weighted average shares outstanding

 

31,941

 

35,555

Basic earnings per share

$

0.09

$

0.27

Diluted earnings per share

 

  

 

  

Net income

$

2,994

$

9,732

Weighted average shares outstanding

 

31,941

 

35,555

Effect of dilutive securities - options and restricted stock

 

358

 

587

Diluted weighted-average shares outstanding

 

32,299

 

36,142

Diluted earnings per share

$

0.09

$

0.27

For the years ended December 31, 2024 and 2023, 15,000 and 36,000 shares of common stock, respectively, were excluded from the dilutive stock calculation because their effect would have been anti-dilutive.

For the years ended December 31, 2024 and 2023, convertible notes to purchase 5.6 million shares and 3.6 million shares, respectively, resulting from the 2023 Convertible Senior Notes, were excluded from the dilutive stock calculation because their effect would have been anti-dilutive (see Note 8 – Convertible Senior Notes).