Basic (loss) income per common share has been computed by dividing net (loss) income by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted (loss) income per common share adjusts net (loss) income and basic (loss) income per common share for the effect of all potentially dilutive shares of the Company’s common stock. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

The calculations of basic and diluted (loss) income per common share for the three and nine months ended September 30, 2026 and 2025 are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(in thousands, except per share amounts)
Net (loss) income – Basic and Diluted	$	(4,195)	$	(1,189)	$	10,642	$	(45,089)
Weighted-average shares outstanding – Basic	22,246		21,768		22,021		21,683
Effect of dilutive securities:
Stock options and other stock awards	—		—		460		—
Weighted-average shares outstanding – Diluted	22,246		21,768		22,481		21,683
Basic (loss) income per common share	$	(0.19)	$	(0.05)	$	0.48	$	(2.08)
Diluted (loss) income per common share	$	(0.19)	$	(0.05)	$	0.47	$	(2.08)
Antidilutive Securities(1)	1,674		1,713		931		1,571

(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.