v3.26.1
Earnings Per Common Share
6 Months Ended
Jun. 30, 2026
Earnings Per Common Share  
Earnings Per Common Share

4.    Earnings Per Common Share

Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. For the three- and six-month periods ending June 30, 2026 and 2025, options to purchase 147,000 common shares, with an exercise price of $3.83 to $4.22, and options to purchase 179,000 common shares, with an exercise price of $2.96 to $4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive.

Three months ended

Six months ended

June 30, 

June 30, 

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2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

(In thousands, except share and per share data)

Numerator:

 

  ​

 

  ​

 

  ​

Net income (loss)

$

2,738

$

(282)

$

4,532

$

1,626

Denominator:

 

  ​

 

  ​

 

  ​

 

  ​

Weighted average common shares outstanding (basic)

 

16,964,267

 

16,519,267

 

16,945,963

 

16,519,267

Effect of stock options

 

1,287

 

 

977

 

Weighted average common shares outstanding (diluted)

 

16,965,554

 

16,519,267

 

16,946,940

 

16,519,267

Earnings per common share:

 

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  ​

 

  ​

 

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Basic

$

0.16

$

(0.02)

$

0.27

$

0.10

Diluted

 

0.16

 

(0.02)

 

0.27

 

0.10