Earnings Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Note 12 – Earnings Per Share

The following table provides the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share data)	2025		2024		2025		2024
Basic income per share:
Net income (loss)	$	6,452	$	21,921	$	14,716	$	18,593
Basic weighted average shares outstanding	46,280,811		46,799,672		46,419,969		46,798,598
Basic income (loss) per share of common stock	$	0.14	$	0.47	$	0.32	$	0.40
Diluted income per share:
Net income (loss)	$	6,452	$	21,921	$	14,716	$	18,593
Basic weighted average shares outstanding	46,280,811		46,799,672		46,419,969		46,798,598
Effect of dilutive securities	779,214		760,806		792,943		805,210
Diluted weighted average shares outstanding	47,060,025		47,560,478		47,212,912		47,603,808
Diluted income (loss) per share of common stock	$	0.14	$	0.46	$	0.31	$	0.39

The securities that were excluded from the calculation of diluted earnings per share because their inclusion would be anti-dilutive were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Stock options	1,572,056	995,953	1,438,136	989,257
Other stock-based awards	2,004	—	1,238	—