| NET INCOME (LOSS) PER SHARE |
(13) | NET INCOME (LOSS) PER SHARE |
The following table (in thousands, except per share amounts) sets forth the computation of basic earnings (loss) per share for the periods presented: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Basic earnings per common share: | | | | | | | | | | | | | Net income (loss) - basic | | $ | (15,235) | | $ | 8,248 | | $ | (24,556) | | $ | 18,227 | Weighted average shares outstanding - basic | | | 47,133 | | | 42,619 | | | 46,831 | | | 42,798 | Basic earnings (loss) per common share | | $ | (0.32) | | $ | 0.19 | | $ | (0.52) | | $ | 0.43 |
The following table (in thousands, except per share amounts) sets forth the computation of diluted net income (loss) per share: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Diluted earnings per common share: | | | | | | | | | | | | | Net income (loss) - diluted | | $ | (15,235) | | $ | 8,248 | | $ | (24,556) | | $ | 18,227 | | | | | | | | | | | | | | Weighted average shares outstanding - basic | | | 47,133 | | | 42,619 | | | 46,831 | | | 42,798 | Add: Dilutive effects of Restricted Stock Units | | | — | | | 429 | | | — | | | 636 | Weighted average shares outstanding - diluted | | | 47,133 | | | 43,048 | | | 46,831 | | | 43,434 | | | | | | | | | | | | | | Diluted net income (loss) per share | | $ | (0.32) | | $ | 0.19 | | $ | (0.52) | | $ | 0.42 |
The computation of diluted net loss per share for the three and six months ended June 30, 2026 excludes 304,598 and 284,662, respectively, potentially dilutive securities related to unvested restricted stock units as their inclusion would have been anti-dilutive.
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