XML 27 R16.htm IDEA: XBRL DOCUMENT v3.25.3
Net Income Per Share:
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share [Text Block] Net (Loss) Income Per Share
 
Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding during the period. Diluted (loss) income per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding during the period plus dilutive securities. Dilutive securities include outstanding common stock options and unvested restricted stock units, less the number of shares that could have been purchased with the proceeds from the exercise of the options, using the treasury stock method. Options and restricted stock units that are anti-dilutive are not included in the treasury stock method calculation. A net loss for the three months ended September 30, 2025 and 2024 and nine months ended September 30, 2024 causes all of the potentially dilutive common shares to be antidilutive and, accordingly, they were not included in the computation of diluted earnings per share, and basic and diluted net loss per share are equal for each of these periods.

    The following table presents the calculation of net earnings per common share (“EPS”) — basic and diluted (in thousands, except per share data): 
 Three months ended
September 30,		Nine months ended
September 30,
 2025202420252024
Net (loss) income$(3,396)$(32,983)$16,466 $(93,860)
Weighted-average number of common shares outstanding (basic)24,686 24,438 24,624 24,353 
Dilutive securities(1)
— — 159 — 
Weighted-average common and common equivalent shares outstanding (diluted)24,686 24,438 24,783 24,353 
EPS — basic$(0.14)$(1.35)0.67$(3.85)
EPS — diluted$(0.14)$(1.35)0.66$(3.85)
Total anti-dilutive stock options and restricted stock awards41 8940 112 
_______________________________
(1)    Due to the net loss for the three months ended September 30, 2025 and 2024 and nine months ended September 30, 2024, there are no potentially dilutive common shares included in the computation of diluted earnings per share.