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NET INCOME PER SHARE | 6 Months Ended
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Jun. 30, 2025
NET INCOME PER SHARE |
NET INCOME PER SHARE | 8. NET INCOME PER SHARE Basic income per share is computed by dividing the net income by the weighted average shares outstanding. Diluted income per share is computed by dividing the net income by the weighted average diluted shares outstanding. A $0.32 per share special cash dividend on the Company’s common stock was declared on March 28, 2024, and paid on May 6, 2024 to stockholders of record as of the close of business on April 22, 2024. The aggregate payment was approximately $9.9 million. The computation of basic and diluted income per share (in thousands, except share and per share data) was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
Net (loss) income | ​ | $ | (2,349) | ​ | $ | (3,546) | ​ | $ | (1,357) | ​ | $ | 2,300 | ​
Weighted average common shares outstanding | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 30,986,929 | ​ | ​ | 30,815,443 | ​ |  | 30,985,212 | ​ |  | 30,813,886 | ​
Dilutive common stock options, restricted stock unit awards and restricted stock awards | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Diluted | ​ | ​ | 30,986,929 | ​ | ​ | 30,815,443 | ​ | ​ | 30,985,212 | ​ | ​ | 30,813,886 | ​
Basic (loss) income per share of common stock | ​ | $ | (0.08) | ​ | $ | (0.12) | ​ | $ | (0.04) | ​ | $ | 0.07 | ​
Diluted (loss) income per share of common stock | ​ | $ | (0.08) | ​ | $ | (0.12) | ​ | $ | (0.04) | ​ | $ | 0.07 | ​
​ The Company had a net loss for the three months ended June 30, 2025, and 2024, and for the six months ended June 30, 2025. As a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for those periods. The Company had net income for the six months ended June 30, 2024, however due to stock valuation at June 30, 2024, any associated stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and were excluded from weighted average shares used in determining the diluted income per share of common stock for that period. The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the three and six months ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ |  | Six Months Ended June 30, | ​
​ |  | 2025 |  | 2024 | ​ |  | 2025 |  | 2024 | ​
Restricted stock units | ​ | ​ | 82,721 | ​ | ​ | 3,187 | ​ | ​ | ​ | 87,366 | ​ | ​ | 1,593 | ​
Total | ​ | ​ | 82,721 | ​ | ​ | 3,187 | ​ | ​ | ​ | 87,366 | ​ | ​ | 1,593 | ​
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