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Earnings (Loss) per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings (Loss) per Share

13. Earnings (Loss) per Share

The computation of basic earnings (loss) per share (“EPS”) is based on the Company’s net income (loss) divided by the weighted average number of common shares outstanding. Diluted earnings (loss) per share reflects the potential dilution that could occur if outstanding stock options and restricted share units were exercised / released. The dilutive effect of stock options and restricted share units were calculated using the treasury stock method.

For the years ended December 31, 2024 and 2022, there were 1,040,000 and 506,000 anti-dilutive stock options excluded from the computation of diluted earnings per share. For the year ended December 31, 2023, all stock options and restricted shares were anti-dilutive and excluded from the computation of diluted (loss) per share.

The following table sets forth the denominators of the basic and diluted EPS computations:

		Years Ended December 31,
(Amounts in thousands, except per share data)		2024				2023				2022
Weighted-average shares outstanding:
Basic			11,669				11,613				11,588
Stock options and restricted share units			345				—				489
Diluted			12,014				11,613				12,077

The following table sets forth the computation of basic EPS utilizing net income and the Company’s weighted-average common stock outstanding:

		Years Ended December 31,
(Amounts in thousands, except per share data)		2024				2023				2021
Net income (loss)		$	3,402			$	(7,138	)		$	8,712
Basic weighted-average shares outstanding			11,669				11,613				11,588
Basic EPS		$	.29			$	(.61	)		$	.75

The following table sets forth the computation of diluted EPS utilizing net income and the Company’s weighted-average common stock outstanding plus the weighted-average of stock options, restricted shares and performance shares, which had a diluted effect on EPS:

		Years Ended December 31,
(Amounts in thousands, except per share data)		2024				2023				2022
Net income (loss)		$	3,402			$	(7,138	)		$	8,712
Basic weighted-average shares outstanding			12,014				11,613				12,077
Diluted EPS		$	.28			$	(.61	)		$	.72

 

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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