Note 10. Earnings (Loss) per Share The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts): | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Net income (loss) | | $ | 6,384 | | $ | 7,119 | | $ | 523 | | $ | (2,277) | Less: Net income allocated to participating securities | | | 345 | | | 346 | | | 27 | | | — | Basic and diluted earnings available to common stockholders | | $ | 6,039 | | $ | 6,773 | | $ | 496 | | $ | (2,277) | | | | | | | | | | | | | | Common shares: | | | | | | | | | | | | | Common shares outstanding — basic | | | 40,349 | | | 39,629 | | | 40,269 | | | 39,519 | Dilutive effect of potential common shares | | | — | | | — | | | — | | | — | Common shares outstanding — diluted | | | 40,349 | | | 39,629 | | | 40,269 | | | 39,519 | | | | | | | | | | | | | | Net earnings (loss) per share: | | | | | | | | | | | | | Basic | | $ | 0.15 | | $ | 0.17 | | $ | 0.01 | | $ | (0.06) | Diluted | | $ | 0.15 | | $ | 0.17 | | $ | 0.01 | | $ | (0.06) |
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