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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | # NOTE 16 – EARNINGS PER SHARE Basic earnings per share is computed using the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding for the period plus dilutive potential common shares, including performance share awards, using the treasury stock method. Performance share awards are included based on the number of shares that would be issued as if the end of the reporting period was the end of the performance period and the result was dilutive. The following table sets forth the computation of the Company’s basic and diluted net earnings per share for the three and six months ended June 30, 2025 and 2024 (in thousands except share and per share data):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (2,407 | ) |  | $ | 365 |  |  | $ | (4,076 | ) |  | $ | 3,492 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares used in computing earnings per share — basic |  |  | 35,573,749 |  |  |  | 29,816,202 |  |  |  | 35,583,139 |  |  |  | 29,792,385 |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Effect of potentially dilutive time-based stock options |  |  | — |  |  |  | 873,348 |  |  |  | — |  |  |  | 436,674 |
Effect of potentially dilutive performance-based stock options |  |  | — |  |  |  | 164,132 |  |  |  | — |  |  |  | 82,066 |
Effect of potentially dilutive restricted stock units |  |  | — |  |  |  | 19,754 |  |  |  | — |  |  |  | 9,877 |
Weighted-average common shares outstanding — diluted |  |  | 35,573,749 |  |  |  | 30,873,436 |  |  |  | 35,583,139 |  |  |  | 30,321,002 |
Earnings (loss) per share — basic |  | $ | (0.07 | ) |  | $ | 0.01 |  |  | $ | (0.11 | ) |  | $ | 0.12 |
Earnings (loss) per share — diluted |  | $ | (0.07 | ) |  | $ | 0.01 |  |  | $ | (0.11 | ) |  | $ | 0.12 |
As of June 30, 2025, the Company’s potentially dilutive securities consisted of options to purchase common stock. Based on the amounts outstanding as of the three and six months ended June 30, 2025 and 2024, the Company excluded the following potential common shares from the computation of diluted net income per share because including them would have had an anti-dilutive effect:
|  | Three months ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Performance-based options outstanding |  |  | 534,063 |  |  |  | — |  |  |  | 534,063 |  |  |  | — |
Time-based options outstanding |  |  | 4,429,563 |  |  |  | 140,135 |  |  |  | 4,396,855 |  |  |  | 140,135 |
Time-based restricted stock units outstanding |  |  | 1,052,451 |  |  |  | — |  |  |  | 1,052,451 |  |  |  | — |
Total |  |  | 4,963,626 |  |  |  | 140,135 |  |  |  | 4,930,918 |  |  |  | 140,135 |

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