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NET INCOME PER COMMON SHARE
12 Months Ended
Dec. 31, 2024
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the year ended December 31, 2024, 4.3 million restricted stock units have not been considered in the diluted earnings per share calculation, as the effect would anti-dilutive.

The following tables set forth the computation of basic and diluted earnings per share:

Year Ended December 31,

2024

    

2023

 

Basic:

Net income (loss)

$

2,839

$

6,154

Weighted average common shares

 

48,785

 

48,609

Earnings (loss) per share

$

0.06

$

0.13

Diluted:

Net income (loss)

$

2,839

$

6,154

Basic weighted average common shares

 

48,785

 

48,609

Potential common shares

 

1,264

 

1,566

Diluted weighted average common shares

 

50,049

 

50,175

Diluted earnings (loss) per share

$

0.06

$

0.12