v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted EPS

The following table shows the calculation of basic and diluted earnings per share ("EPS"), the weighted average number of shares outstanding used in computing EPS, the effect on the weighted average number of shares outstanding

of dilutive potential common stock for the periods stated, and the weighted average number of securities excluded from the computation of diluted EPS because their effects would have been anti-dilutive.

 

 

For the three months ended March 31,

 

(Dollars in thousands, except per share data)

 

2026

 

 

2025

 

Net income (loss)

 

$

836

 

 

$

(434

)

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

88,343,128

 

 

 

86,003,226

 

Potentially dilutive securities

 

 

 

 

 

 

PSAs

 

 

179,047

 

 

 

—

 

Warrants

 

 

11,235,761

 

 

 

—

 

Weighted average common shares outstanding, dilutive

 

 

99,757,936

 

 

 

86,003,226

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

 

$

0.01

 

 

$

(0.01

)

 

 

 

 

 

 

 

Weighted average anti-dilutive securities excluded from diluted EPS

 

 

 

 

 

 

PSAs

 

 

—

 

 

 

7,720

 

Stock options

 

 

19,079

 

 

 

63,828

 

Warrants

 

 

—

 

 

 

8,216,508

 

Total weighted average anti-dilutive securities

 

 

19,079

 

 

 

8,288,056