v3.25.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.
The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):
Three months ended June 30,Six months ended June 30,
2025202420252024
Numerator:
Net income (loss)$2,480$(8,154)$1,708$163
Denominator:
Weighted average shares of common stock outstanding10,99110,93710,97010,923
Effect of dilutive common stock equivalents697544
Weighted average shares of common stock outstanding11,06010,93711,04510,967
Earnings (loss) per share - basic$0.23$(0.75)$0.16$0.01
Earnings (loss) per share - diluted$0.22$(0.75)$0.15$0.01
The calculation of diluted EPS excluded 402 thousand and 326 thousand antidilutive restricted stock awards for the three months ended June 30, 2025 and 2024, respectively, and 375 thousand and 142 thousand antidilutive restricted stock awards for the six months ended June 30, 2025 and 2024, respectively. EPS is computed independently for each of the periods presented above, and accordingly, the sum of the quarterly earnings per share may not equal the year-to-date total computed.