| Earnings per Share |
(4)
Earnings per Share
Options
to purchase 1,074,074 and 1,082,666 shares of common stock that were outstanding as of June 30, 2026 were included in the computation
of diluted earnings per share for the three and six months ended June 30, 2026, respectively. Options to purchase approximately
2,348,780 and 2,345,901 shares of common stock that were outstanding as of June 30, 2025 were included in the computation of diluted
earnings per share for the three and six months ended June 30, 2025, respectively.
Earnings
applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three
months ended June 30, |
|
|
Six
months ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator:
(in Thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
|
(158 |
) |
|
$ |
3,233 |
|
|
|
(1,120 |
) |
|
$ |
3,577 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
average number of basic shares outstanding |
|
|
70,637,199 |
|
|
|
70,200,039 |
|
|
|
70,631,380 |
|
|
|
70,151,928 |
|
| Weighted
average additional shares assuming conversion of in-the-money stock options to common shares and assumed repurchase of common
shares by the Company |
|
|
— |
|
|
|
2,380,640 |
|
|
|
— |
|
|
|
2,346,001 |
|
| Weighted
average number of diluted common shares outstanding |
|
|
70,637,199 |
|
|
|
72,580,679 |
|
|
|
70,631,380 |
|
|
|
72,497,929 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) per share – basic |
|
$ |
(0.00 |
) |
|
$ |
0.04 |
|
|
$ |
(0.02 |
) |
|
$ |
0.05 |
|
| Diluted
earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) per share – diluted |
|
$ |
(0.00 |
) |
|
$ |
0.04 |
|
|
$ |
(0.02 |
) |
|
$ |
0.05 |
|
|