Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

Earnings (Loss) Per Share [Abstract]

2. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The computations for basic and diluted earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022 are as follows:


	2024		2023		2022

Net income (loss)	$	57,265	$	13,906	$	(34,055	)

Weighted-average common shares outstanding — basic		67,085		66,469		66,051
Effect of stock options and restricted stock units		762		488		—

Weighted-average common shares outstanding — diluted		67,847		66,957		66,051

Basic earnings (loss) per share	$	0.85	$	0.21	$	(0.52	)
Diluted earnings (loss) per share	$	0.84	$	0.21	$	(0.52	)

For the year ended December 31, 2022 the dilutive effect of 462 thousand of non-qualified stock options (“NQSO”) and restricted stock units (“RSU”) were excluded from the diluted weighted-average common shares outstanding as the Company incurred a loss during the period.

For the years ended December 31, 2024, 2023 and 2022, 57 thousand, 430 thousand and 351 thousand, respectively, NQSO and RSUs were excluded from the calculation of diluted earnings per share based on the application of the treasury stock method, as such NQSOs and RSUs were determined to be anti-dilutive.