Stockholders' Equity

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock - Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share, with 34,185,682 and 33,694,396 shares were issued and outstanding as of December 31, 2025 and 2024, respectively.

Preferred Stock - Our authorized capital stock includes preferred stock of 5,000,000 shares with a par value of $0.01 per share, with no shares outstanding as of December 31, 2025 and 2024.

Earnings (Loss) Per Share - Basic earnings (loss) per share is determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per share presented is determined by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period as determined by the treasury stock method. Potential common shares are included in the diluted earnings per share calculation when dilutive.

Diluted earnings (loss) per share for years ended December 31, 2025, 2024 and 2023 includes the effects of potential common shares when dilutive and is as follows:

	2025		2024		2023
Net income (loss)	$	(22,781)	$	(27,867)	$	49,411
Net income (loss) from continuing operations	$	(20,477)	$	(35,734)	$	43,633
Net income (loss) from discontinued operations	$	(2,304)	$	7,867	$	5,778
Weighted average number of common shares outstanding (in '000s)	33,836		33,418		33,040
Dilutive effect of restricted stock grants after application of the treasury stock method (in '000s)	—		—		541
Dilutive shares outstanding	33,836		33,418		33,581
Basic earnings (loss) per share from continuing operations	$	(0.61)	$	(1.07)	$	1.32
Basic earnings (loss) per share from discontinued operations	$	(0.07)	$	0.24	$	0.18
Diluted earnings (loss) per share from continuing operations	$	(0.61)	$	(1.07)	$	1.30
Diluted earnings (loss) per share from discontinued operations	$	(0.07)	$	0.24	$	0.17

There were 675 thousand anti-dilutive shares for the year ended December 31, 2025. There were 428 thousand anti-dilutive shares for the year ended December 31, 2024. There were no anti-dilutive shares for the year ended December 31, 2023.