(Loss) Earnings Per Share and Certain Related Information (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Reconciliation of Net Income and Weighted Average Shares Outstanding for Calculation of Basic and Diluted Earnings per Share

The following table represents a reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share for the years ended December 31, 2023 and 2022 (in thousands, except share data):


	For the Year Ended December 31,
	2023		2022
Numerator
Net (loss) income	$	(6,624)	$	5,005
Earnings allocated to non-vested shares	–		783
Subtotal	$	(6,624)	$	4,222
Denominator
Weighted average common shares outstanding	12,490,914		10,887,620
Effect of dilutive nominal options	–		–
Effect of dilutive contingently earned shares	–		796,138
Dilutive average shares outstanding	12,490,914		11,683,758
Basic (loss) earnings per share	$	(0.53)	$	0.39
Dilutive (loss) earnings per share	$	(0.53)	$	0.37

Summary of Repurchase Activity

The following tables summarizes repurchase activity under the 2022 Repurchase Authorization through December 31, 2023. There has been no repurchases of common stock under the 2023 Repurchase Authorization as of December 31, 2023.


Amount Authorized (2022 Repurchase Authorization)		Average Price Per Share1		Total Shares Held in Treasury	Shares Repurchased
$	10,000,000	$	25.96	28,704	28,704

1Includes commissions paid and calculated at the average price per share