Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2025

Note 13 — Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the basic weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Basic weighted average common shares outstanding		19,063		19,093		18,976		19,189
Weighted average common equivalent shares		102		31		—		—
Diluted weighted average common shares outstanding		19,165		19,124		18,976		19,189
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,305		1,620		1,177		1,089