Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2025

Basic income (loss) per share (“EPS”) is calculated using income (loss) available to common stockholders, divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is calculated using income available to common stockholders divided by the weighted average number of shares of common stock including both shares outstanding and shares potentially issuable in connection with restricted common stock awards and stock options under our stock incentive plans.

Reconciliations of basic and diluted EPS were as follows:


	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share amounts	2025		2024		2025		2024
Numerator:
Net (loss) income	$	(2,286)	$	142	$	(3,013)	$	(27,863)

Denominator:
Basic EPS denominator: weighted-average common shares outstanding	7,415		7,324		7,386		7,273
Diluted EPS denominator	7,415		7,398		7,386		7,273

Basic (loss) Income per Common Share	$	(0.31)	$	0.02	$	(0.41)	$	(3.83)
Diluted (loss) income per Common Share	$	(0.31)	$	0.02	$	(0.41)	$	(3.83)

For the three months ended September 30, 2025 and 2024, respectively, the following shares have been excluded from the calculation of shares used in the diluted EPS calculation: 259,338 and 354,239 shares of anti-dilutive market price options; 195,002 and 13,567 of anti-dilutive unvested restricted shares.

For the nine months ended September 30, 2025 and 2024, respectively, the following shares have been excluded from the calculation of shares used in the diluted EPS calculation: 239,373 and 335,431 shares of anti-dilutive market price options; 30,633 and 23,114 of anti-dilutive unvested restricted shares.