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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.
The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):
Three months ended March 31,
20252024
Numerator:
Net income (loss)
$(772)$8,316 
Denominator:
Weighted average shares of common stock outstanding10,948 10,909 
Effect of dilutive common stock equivalents— 49 
Weighted average shares of common stock outstanding10,948 10,958 
Earnings (loss) per share - basic
$(0.07)$0.76 
Earnings (loss) per share - diluted
$(0.07)$0.76 
The calculation of diluted EPS excluded 412 thousand and 51 thousand antidilutive restricted stock awards for the three months ended March 31, 2025 and 2024, respectively.