| Summary of reconciliation of the computation for basic and diluted earnings per share |
The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 (in thousands, except share and per share data): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Net (loss) income | | $ | (5,570) | | $ | 8,575 | | $ | (9,020) | | $ | 3,298 | | | | | | | | | | | | | | Weighted-average number of shares outstanding - basic | | | 47,348,476 | | | 46,914,100 | | | 47,294,858 | | | 49,596,045 | Additional shares from assumed stock-settled restricted stock units | | | - | | | 173,086 | | | - | | | 181,492 | Additional shares from assumed issuance under the Employee Stock Purchase Plan | | | - | | | 5,227 | | | - | | | 5,227 | Weighted-average number of shares outstanding - diluted | | | 47,348,476 | | | 47,092,413 | | | 47,294,858 | | | 49,782,764 | | | | | | | | | | | | | | (Loss) earnings per share – basic: | | $ | (0.12) | | $ | 0.18 | | $ | (0.19) | | $ | 0.07 | (Loss) earnings per share – diluted: | | $ | (0.12) | | $ | 0.18 | | $ | (0.19) | | $ | 0.07 | | | | | | | | | | | | | | Anti-dilutive shares/units excluded from loss per share - diluted: | | | | | | | | | | | | | Additional shares from assumed stock-settled restricted stock units | | | 826,410 | | | - | | | 818,955 | | | - | Additional shares from assumed issuance under the Employee Stock Purchase Plan | | | 4,935 | | | - | | | 3,137 | | | - |
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