Earnings per Share

3 Months Ended

Mar. 31, 2025

NOTE 2 – Earnings per Share

Earnings per share (“EPS”) is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted EPS is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. No dividends were paid on our Common Stock in any of the periods presented in this report.

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS:


	Three Months Ended
	March 31,
	2025			2024
(Loss) earnings (numerator)
Net (loss) income attributable to common stockholders	$	(4,437	)	$	14,038

Shares (denominator)
Weighted average common shares outstanding (basic)		46,370			46,032
Dilutive effect of stock options and stock awards outstanding		-			253
Adjusted weighted average common shares outstanding (diluted)		46,370			46,285

(Loss) earnings per share attributable to common stockholders
Basic	$	(0.10	)	$	0.30
Diluted	$	(0.10	)	$	0.30

Stock options and stock awards excluded from EPS calculation because the effect would be anti-dilutive		612			326