| Schedule of Basic and Diluted Earnings Per Share |
The following table sets forth the calculation of basic and diluted earnings per share for the three months ended June 30, 2025 and 2024:
| | | | | | | | | | | | | | | | | June 30, 2025 | | June 30, 2024 | | | (in thousands, except share and per share data) | | Basic Earnings (Loss) per Common Share: | | | | | | Net income (loss) to common stockholders | | $ | 767 | | | $ | (273) | | | Dividends allocated to participating securities | | (38) | | | (29) | | | Net income (loss) to common stockholders - basic | | $ | 729 | | | $ | (302) | | | Basic weighted average common shares outstanding | | 23,524,735 | | | 24,810,021 | | | Basic earnings (loss) per common share | | $ | 0.03 | | | $ | (0.01) | | | | | | | | Diluted Earnings (Loss) per Common Share: | | | | | | Net income (loss) to common stockholders - basic | | $ | 767 | | | $ | (273) | | | Dividends allocated to participating securities | | (38) | | | (29) | | | Net income (loss) to common stockholders - diluted | | $ | 729 | | | $ | (302) | | | Basic weighted average common shares outstanding | | 23,524,735 | | | 24,810,021 | | | Net effect of dilutive equity awards | | 263,088 | | | — | | | Diluted weighted average common shares outstanding | | 23,787,823 | | | 24,810,021 | | | Diluted earnings (loss) per common share | | $ | 0.03 | | | $ | (0.01) | |
The following table sets forth the calculation of basic and diluted earnings per share for the six months ended June 30, 2025 and 2024:
| | | | | | | | | | | | | | | | | June 30, 2025 | | June 30, 2024 | | | (in thousands, except share and per share data) | | Basic Earnings (Loss) per Common Share: | | | | | | Net income (loss) to common stockholders | | $ | 21,298 | | | $ | 12,601 | | | Dividends allocated to participating securities | | (72) | | | (54) | | | Net income (loss) to common stockholders - basic | | $ | 21,226 | | | $ | 12,547 | | | Basic weighted average common shares outstanding | | 23,460,798 | | | 24,792,918 | | | Basic earnings (loss) per common share | | $ | 0.90 | | | $ | 0.51 | | | | | | | | Diluted Earnings (Loss) per Common Share: | | | | | | Net income (loss) to common stockholders - basic | | $ | 21,298 | | | $ | 12,601 | | | Dividends allocated to participating securities | | (72) | | | (54) | | | Net income (loss) to common stockholders - diluted | | $ | 21,226 | | | $ | 12,547 | | | Basic weighted average common shares outstanding | | 23,460,798 | | | 24,792,918 | | | Net effect of dilutive equity awards | | 258,852 | | | 180,583 | | | Diluted weighted average common shares outstanding | | 23,719,650 | | | 24,973,501 | | | Diluted earnings (loss) per common share | | $ | 0.89 | | | $ | 0.50 | |
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