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Earning Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earning per share | 11. EARNINGS PER SHARE The following table sets forth the composition of earnings per share:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(In Thousands, except share and per share data) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income |  | $ | 7,387 |  |  | $ | 5,804 |  |  | $ | 22,730 |  |  | $ | 11,530 |
Basic weighted average common shares outstanding |  |  | 37,136,851 |  |  |  | 36,970,768 |  |  |  | 37,122,883 |  |  |  | 36,966,371 |
Net effect of dilutive stock options and warrants |  |  | 2,957 |  |  |  | 2,353 |  |  |  | 3,787 |  |  |  | 4,637 |
Net effect of dilutive restricted stock awards and units |  |  | 104,200 |  |  |  | 67,627 |  |  |  | 105,169 |  |  |  | 71,888 |
Diluted weighted average common shares outstanding |  |  | 37,244,008 |  |  |  | 37,040,748 |  |  |  | 37,231,839 |  |  |  | 37,042,896 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.20 |  |  | $ | 0.16 |  |  | $ | 0.61 |  |  | $ | 0.31 |
Diluted |  | $ | 0.20 |  |  | $ | 0.16 |  |  | $ | 0.61 |  |  | $ | 0.31 |
The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share in the periods presented.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Stock Options |  |  | 14,814 |  |  |  | 24,961 |  |  |  | 14,914 |  |  |  | 117,191 |
Warrants |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted Stock Awards and Units |  |  | 333,903 |  |  |  | 384,724 |  |  |  | 336,903 |  |  |  | 384,724 |
Total dilutive securities |  |  | 348,717 |  |  |  | 409,685 |  |  |  | 351,817 |  |  |  | 501,915 |
The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Stock Options |  |  | 548,200 |  |  |  | 599,000 |  |  |  | 548,100 |  |  |  | 506,500 |
Warrants |  |  | 1,537,484 |  |  |  | 1,537,484 |  |  |  | 1,537,484 |  |  |  | 1,537,484 |
Restricted Stock Awards and Units |  |  | 203,400 |  |  |  | 120,000 |  |  |  | 200,400 |  |  |  | 120,000 |
Total anti-dilutive securities |  |  | 2,289,084 |  |  |  | 2,256,484 |  |  |  | 2,285,984 |  |  |  | 2,163,984 |

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