EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2026

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

NOTE 5 – EARNINGS (LOSS) PER SHARE

Basic and diluted earnings (loss) per share attributable to common stockholders were calculated as follows:

		Three Months Ended March 31,
(In thousands, except share data)	2026		2025
Numerator:
Net income (loss) for diluted calculation	$	18,317	$	(3,619)
Denominator:
Weighted average shares of Common Stock outstanding for basic calculation		79,848,892		76,611,980
Weighted average dilutive effect of stock options and unvested restricted stock		3,199,704
Weighted average shares of Common Stock outstanding for diluted calculation		83,048,596		76,611,980

Diluted earnings per share do not include 1,340,697 shares of Common Stock underlying outstanding stock options, unvested shares of restricted stock for the three months ended March 31, 2026 because the effect would be anti-dilutive.

Diluted loss per share do not include 18,216,366 shares of Common Stock underlying outstanding stock options, unvested shares of restricted stock and warrants for the three months ended March 31, 2025 because the effect would be anti-dilutive.