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EARNINGS (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
EARNINGS (LOSS) PER SHARE  
Schedule of calculation of basic and diluted earnings (loss) per share

The calculation of basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2025 and 2024 are as follows (in thousands, except per share data):

For the Three Months Ended September 30, 

For the Nine Months Ended September 30, 

    

2025

    

2024

    

2025

    

2024

Basic earnings (loss) per share

 

  

 

  

 

  

 

  

Net income (loss)

$

(42,914)

$

2,382

$

(73,343)

$

3,609

Basic weighted average shares outstanding

 

30,314

 

31,775

 

30,721

 

31,960

Basic earnings (loss) per share

$

(1.42)

$

0.07

$

(2.39)

$

0.11

Diluted earnings (loss) per share

 

  

 

  

 

  

 

  

Net income (loss)

$

(42,914)

$

2,382

$

(73,343)

$

3,609

Weighted average shares outstanding

 

30,314

 

31,775

 

30,721

 

31,960

Effect of dilutive securities - options and restricted stock

 

 

313

 

 

380

Diluted weighted-average shares outstanding

 

30,314

 

32,088

 

30,721

 

32,340

Diluted earnings per share (loss)

$

(1.42)

$

0.07

$

(2.39)

$

0.11