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Earnings per share
 12 Months Ended
Dec. 31, 2024
Earnings per share [Abstract]  
Earnings per share
12. Earnings per share

Earnings per share was computed as follows (in thousands, except per share amounts):

   
Years Ended December 31,
  
 
2024
    
2023
  
Net (loss) income
  
$
(9,863
)
  
$
4,748
                 
Shares:
                
Basic:  Weighted average common shares outstanding
    
9,997
      
9,951
  
Add:  Dilutive effect of outstanding equity awards as determined by the treasury stock method
    
–
      
70
  
Diluted:  Weighted average common and common equivalent shares outstanding
    
9,997
      
10,021
  
                 
Net (loss) income per common share:
                
Basic
  
$
(0.99
)
  
$
0.48
Diluted
    
(0.99
)
    
0.47

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, restricted stock units and performance stock awards, when the average market price of the common stock is lower than the exercise price of the related stock award during the period.  These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive.  Furthermore, in periods when a net loss is reported, such as in 2024, basic and diluted net loss per common share are calculated using the same method.  Anti-dilutive option awards excluded from the computation of earnings per dilutive share were 1.4 million and 1.1 million at December 31, 2024 and 2023, respectively. Anti-dilutive restricted stock awards excluded from the computation of earnings per dilutive share were 0.3 million and zero at December 31, 2024 and 2023, respectively. Anti-dilutive performance stock awards excluded from the computation of earnings per dilutive share were 0.1 million and zero at December 31, 2024 and 2023, respectively.