| Earnings (Loss) Per Share Earnings (loss) per share was calculated as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (In thousands, except per-share amounts) | 2026 | | 2025 | | | | | | BASIC | | | | | | | | | Net income (loss) | $ | (7,332) | | | $ | (6,274) | | | | | | | Weighted-average common shares outstanding | 12,619 | | | 13,083 | | | | | | | Basic earnings (loss) per share | $ | (0.58) | | | $ | (0.48) | | | | | | | | | | | | | | | DILUTED | | | | | | | | | Net income (loss) | $ | (7,332) | | | $ | (6,274) | | | | | | | Weighted-average common shares outstanding for basic | 12,619 | | | 13,083 | | | | | | | Dilutive effect of restricted stock, performance stock awards and stock options | — | | | — | | | | | | | Weighted-average common shares outstanding on a diluted basis | 12,619 | | | 13,083 | | | | | | | Diluted earnings (loss) per share | $ | (0.58) | | | $ | (0.48) | | | | | |
The following number of stock options, shares of restricted stock and shares of performance stock were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (In thousands) | 2026 | | 2025 | | | | | | Stock options | 791 | | | 727 | | | | | | | Restricted stock awards | 476 | | | 536 | | | | | | | Performance stock awards | 744 | | | 116 | | | | | |
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