| Summary of Earnings Per Share |
Earnings per share were computed as shown below.
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2025 |
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2024 |
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|
2023 |
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Basic: |
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Net income (loss) allocable to common stockholders |
|
$ |
22,726 |
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|
$ |
62,621 |
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|
$ |
7,821 |
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Weighted average common shares outstanding |
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|
18,293,651 |
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|
|
15,486,928 |
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|
|
15,531,712 |
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Weighted average vested restricted stock units |
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|
2,439 |
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|
|
2,442 |
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|
|
4,060 |
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Weighted average shares |
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|
18,296,090 |
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|
|
15,489,370 |
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|
|
15,535,772 |
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Basic earnings (losses) per common share |
|
$ |
1.24 |
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|
$ |
4.04 |
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|
$ |
0.50 |
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Diluted: |
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Net income (loss) allocable to common stockholders |
|
$ |
22,726 |
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|
$ |
62,621 |
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|
$ |
7,821 |
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Weighted average common shares outstanding for: |
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Basic earnings per common share |
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|
18,296,090 |
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|
|
15,489,370 |
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|
|
15,535,772 |
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Dilutive effects of the assumed exercise of
stock options |
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|
58,953 |
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|
|
72,760 |
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|
37,952 |
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Dilutive effects of the assumed redemption of RSUs |
|
|
100,087 |
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|
|
108,049 |
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|
|
72,448 |
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Dilutive effects of the assumed exercise of
Employee Stock Purchase Plan |
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|
1,546 |
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|
|
1,495 |
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|
|
2,670 |
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Average shares and dilutive potential common shares |
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|
18,456,676 |
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|
|
15,671,674 |
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|
|
15,648,842 |
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Diluted earnings (losses) per common share |
|
$ |
1.23 |
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|
$ |
4.00 |
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|
$ |
0.50 |
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| Schedule of Average Outstanding Stock Options and RSUs Not Included in Computation of Diluted Earnings (Loss) |
Average outstanding stock options and RSUs not included in the computation of diluted earnings (loss) because they were antidilutive are shown below.
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2025 |
|
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2024 |
|
|
2023 |
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Stock options |
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|
229,567 |
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|
|
181,918 |
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|
|
272,414 |
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Restricted stock units |
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|
13,363 |
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|
|
5,415 |
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|
|
66,279 |
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Total antidilutive shares |
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|
242,930 |
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|
|
187,333 |
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|
|
338,693 |
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