Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2024

Basic income (loss) per share (“EPS”) is calculated using income available to common stockholders, divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is calculated using income available to common stockholders divided by the weighted average number of shares of common stock including both shares outstanding and shares potentially issuable in connection with restricted common stock awards and stock option under our stock incentive plans.

Reconciliations of basic and diluted EPS were as follows:


	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share amounts	2024		2023		2024		2023
Numerator:
Net income (loss)	$	142	$	618	$	(27,863)	$	407

Denominator:
Basic EPS denominator: weighted-average common shares outstanding	7,324		7,239		7,273		7,340
Diluted EPS denominator	7,398		7,314		7,273		7,509

Basic (loss) income per Common Share	$	0.02	$	0.09	$	(3.83)	$	0.06
Diluted (loss) income per Common Share	$	0.02	$	0.08	$	(3.83)	$	0.05

For the three months ended September 30, 2024 and 2023, respectively, the following shares have been excluded from the calculation of shares used in the diluted EPS calculation: 354,239 and 132,193 shares of anti-dilutive market price options; 13,567 and 58,869 of anti-dilutive unvested restricted shares.

For the nine months ended September 30, 2024 and 2023, respectively, the following shares have been excluded from the calculation of shares used in the diluted EPS calculation: 335,431 and 8,098 shares of anti-dilutive market price options; 23,114 and 40,389 of anti-dilutive unvested restricted shares.