v3.26.1
Net Income (Loss) Per Share Attributable to Common Stockholders
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders

Note 8 – Net Income (Loss) Per Share Attributable to Common Stockholders

Basic earnings per share attributable to common stockholders (“EPS”) is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) attributable to common stockholders by the common shares plus common share equivalents. The Company’s common share equivalents are unvested restricted shares. The Company excludes antidilutive restricted shares from the calculation of weighted-average shares for diluted earnings per share. There were zero antidilutive restricted shares for both the three and six months ended June 30, 2026. There were 908 and 691 antidilutive restricted shares for the three and six months ended June 30, 2025, respectively. For further information about the Company’s restricted shares, see “Note 12 – Equity-Based Compensation.”

The following table is a summary of the basic and diluted net income (loss) per share attributable to common stockholders computation for the three and six months ended June 30, 2026 and 2025:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net (loss) income attributable to common stockholders

 

$

(3,979

)

 

$

1,577

 

 

$

(9,617

)

 

$

4,030

 

Weighted average shares outstanding, basic

 

 

10,119,869

 

 

 

10,117,998

 

 

 

10,119,869

 

 

 

10,117,998

 

Dilutive effect of restricted stock

 

 

 

 

 

908

 

 

 

 

 

 

691

 

Weighted average shares outstanding, diluted

 

 

10,119,869

 

 

 

10,118,906

 

 

 

10,119,869

 

 

 

10,118,689

 

Net (loss) income attributable to common stockholders per share, basic and diluted

 

$

(0.39

)

 

$

0.16

 

 

$

(0.95

)

 

$

0.40