Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2025

The following table provides the computation of basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2025		2024		2025		2024

Basic income per share:
Net income (loss)	$	5,003	$	1,896	$	8,264	$	(3,328)
Basic weighted average shares outstanding	46,381,194		46,818,932		46,490,702		46,798,055
Basic income (loss) per share of common stock	$	0.11	$	0.04	$	0.18	$	(0.07)

Diluted income per share:
Net income (loss)	$	5,003	$	1,896	$	8,264	$	(3,328)
Basic weighted average shares outstanding	46,381,194		46,818,932		46,490,702		46,798,055
Effect of dilutive securities	181,496		804,780		804,845		—





Diluted weighted average shares outstanding	46,562,690		47,623,712		47,295,547		46,798,055
Diluted income (loss) per share of common stock	$	0.11	$	0.04	$	0.17	$	(0.07)

The securities that were excluded from the calculation of diluted earnings per share because their inclusion would be anti-dilutive were as follows: