v3.26.1
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 7 — Earnings (Loss) Per Share

 

The following table is a reconciliation of the weighted average shares used in the computation of earnings (loss) per share for the periods presented (in thousands, except per share data):

 

   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
Earnings (loss) per share - basic and diluted  2026   2025   2026   2025 
Net income (loss)  $5,863   $(2,319)  $1,583   $(4,701)
Weighted average common shares outstanding - basic   11,445    11,146    11,444    11,146 
Earnings (loss) per share - basic  $0.51   $(0.21)  $0.14   $(0.42)
Weighted average common shares outstanding - diluted   11,872    11,146    11,803    11,146 
Earnings (loss) per share - diluted  $0.49   $(0.21)  $0.13   $(0.42)

 

Basic earnings (loss) per share is calculated using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of restricted stock units to the extent they are dilutive). Potentially dilutive restricted stock units of 6,117 and 49,837 for the three and six months ended June 30, 2026, respectively, were excluded from the computation of diluted loss per share since they would have been anti-dilutive.

 

Potentially dilutive restricted stock units of 250,349 and 340,270 for the three and six months ended June 30, 2025, respectively, were excluded from the computation of diluted loss per share since they would have been anti-dilutive.