Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted earnings per share for each period presented was as follows (dollars and shares in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2026		2025		2026		2025
Net income (loss)	$	11,230	$	(20,554)	$	28,129	$	(11,732)



Weighted average shares outstanding - basic	11,455		11,682		11,321		12,110
Dilutive effect of stock options and restricted stock	606		—		506		—

Weighted average shares outstanding - diluted	12,061		11,682		11,827		12,110

Earnings (loss) per share
Basic	$	0.98	$	(1.76)	$	2.48	$	(0.97)
Diluted	$	0.93	$	(1.76)	$	2.38	$	(0.97)