v3.26.3
Stockholders' Equity
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stockholders' Equity

8. Stockholders' Equity

Net Income (loss) Per Common Share

Net income (loss) per common share, as shown on the Condensed Consolidated Statements of Operations (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

 

 

 

For the Quarter Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Weighted average common shares outstanding basic

 

 

37,617,769

 

 

 

37,393,620

 

 

 

37,526,060

 

 

 

37,361,228

 

Dilutive effect of stock options and restricted stock

 

 

309,577

 

 

 

188,442

 

 

 

297,581

 

 

 

142,936

 

Weighted average common shares outstanding diluted

 

 

37,927,346

 

 

 

37,582,062

 

 

 

37,823,641

 

 

 

37,504,164

 

The dilutive effect of stock options and restricted stock was computed using the treasury stock method. The Company also applied the control number concept in the computation of diluted earnings per share to determine whether potential common stock equivalents are dilutive. The control number used is income from continuing operations. The control number concept requires that the same number of potentially dilutive securities applied in computing diluted earnings per share from continuing operations be applied to all other categories of income or loss, regardless of their anti-dilutive effect on such categories.

There were no options to purchase shares of common stock excluded from the computation of diluted earnings per share for the quarter and nine months ended September 30, 2026. Options to purchase 6,973 and 10,347 shares of common stock that were outstanding for the quarter and nine months ended September 30, 2025, respectively were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and were therefore anti-dilutive.