Earnings (Loss) Per Share and Certain Related Information (Tables)

6 Months Ended

Jun. 30, 2026

Summary of Reconciliation of Net Income and Weighted Average Shares Outstanding for Calculation of Basic and Diluted Earnings per Share

The following table represents a reconciliation of the net loss and weighted average shares outstanding for the calculation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2026 and 2025 (in thousands, except share data):


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Numerator
Net income (loss)	$	2,495	$	6,009	$	(1,207)	$	4,265
Earnings allocated to non-vested shares	109		307		–		218
Total	$	2,386	$	5,702	$	(1,207)	$	4,047
Denominator
Weighted average common shares outstanding	16,433,556		16,331,964		16,443,424		16,344,173
Effect of dilutive nominal options	–		–		–		–
Effect of dilutive contingently earned shares	170,818		251,070		–		245,614
Dilutive average shares outstanding	16,604,374		16,583,034		16,443,424		16,589,787
Basic earnings (loss) per share	$	0.15	$	0.35	$	(0.07)	$	0.25
Dilutive earnings (loss) per share	$	0.14	$	0.34	$	(0.07)	$	0.24