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(Loss) Earnings Per Share
 12 Months Ended
Dec. 31, 2024
(Loss) Earnings Per Share [Abstract]  
Earnings Per Share NOTE 13 – (LOSS) EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share:

Years Ended December 31,

2024

2023

(In Thousands, Except Per Share Data)

Numerator, net (loss) income

$

(160)

$

16,759

Denominator:

Weighted average shares outstanding

8,137

8,105

Less: Weighted average unvested restricted shares

(44)

(43)

Denominator: Basic earnings per share

8,093

8,062

Weighted average shares outstanding, basic

8,093

8,062

Add: Dilutive effect of stock options and restricted stock

—

22

Denominator: Diluted earnings per share

8,093

8,084

Basic (loss) earnings per common share

$

(0.02)

$

2.08

Diluted (loss) earnings per common share

$

(0.02)

$

2.07

Stock options which had no intrinsic value because their effect would be anti-dilutive, and therefore would not be included in the diluted EPS calculation, were 161,000 and 56,000 for the years ended December 31, 2024 and 2023, respectively, based on the closing price of the Company’s common stock which was $27.21 and $32.91 as of December 31, 2024 and 2023, respectively.