Earnings Per Share

6 Months Ended

Jun. 30, 2024

Note 12 – Earnings Per Share

As a result of the Stock Split discussed in Note 1 – Nature of Operations and Basis of Presentation, all historical per share data, number of shares and numbers of equity awards were retroactively adjusted. The following table provides the computation of basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2024		2023		2024		2023

Basic income per share:
Net income (loss)	$	1,896	$	3,024	$	(3,328)	$	8,931
Basic weighted average shares outstanding	46,818,932		43,621,236		46,798,055		42,935,198
Basic income (loss) per share of common stock	$	0.04	$	0.07	$	(0.07)	$	0.21

Diluted income per share:
Net income (loss)	$	1,896	$	3,024	$	(3,328)	$	8,931
Basic weighted average shares outstanding	46,818,932		43,621,236		46,798,055		42,935,198
Effect of dilutive securities	804,780		373,778		—		370,020





Diluted weighted average shares outstanding	47,623,712		43,995,014		46,798,055		43,305,218
Diluted income (loss) per share of common stock	$	0.04	$	0.07	$	(0.07)	$	0.21
Anti-dilutive securities excluded from the calculation of diluted income per share	289		1,564		844,374		12,002