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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
The calculation of basic and diluted earnings (loss) per share for each period presented was as follows (dollars and shares in thousands, except per share amounts):
Three Months Ended
March 31,
20252024
Net income (loss)$1,122 $(10,315)
Weighted average shares outstanding - basic12,303 12,201 
Dilutive effect of stock options and restricted stock265 — 
Weighted average shares outstanding - diluted12,568 12,201 
Earnings (loss) per share
Basic$0.09 $(0.85)
Diluted$0.09 $(0.85)
For the three months ended March 31, 2025, the diluted earnings per share excludes approximately nine thousand shares because they were anti-dilutive. For the three months ended 2024, we excluded all potentially dilutive stock options and restricted stock in calculating diluted earnings per share as the effect was anti-dilutive due to net losses incurred for the period. Diluted earnings per share was calculated using treasury stock method for the stock options and restricted stock.