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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.
The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Numerator:
Net loss$(17,511)$(2,261)$(22,733)$(553)
Denominator:
Weighted average shares of common stock outstanding11,18110,99111,10810,977
Effect of dilutive common stock equivalents————
Weighted average shares of common stock outstanding11,18110,99111,10810,977
Loss per share - basic$(1.57)$(0.21)$(2.05)$(0.05)
Loss per share - diluted$(1.57)$(0.21)$(2.05)$(0.05)
The Company was in a loss position for the three and nine months ended September 30, 2026, and as such, all equity awards were antidilutive for those periods. If the Company were not in a loss position, the calculation of diluted EPS would have included the effect of dilutive common stock equivalents of 380 thousand and 282 thousand, and would have excluded 70 thousand and 105 thousand antidilutive restricted stock awards for three and nine months ended September 30, 2026, respectively. For the three and nine months ended September 30, 2025, if the Company were not in a loss position, the calculation of diluted EPS would have included the effect of dilutive common stock equivalents of 176 thousand and 102 thousand, and would have excluded 308 thousand and 329 thousand antidilutive restricted stock awards, respectively. EPS is computed independently for each of the periods presented above, and accordingly, the sum of the quarterly earnings per share may not equal the year-to-date total computed.