Earnings Per Share

9 Months Ended

Sep. 30, 2025

Earnings per Share

Basic (loss) earnings per share is based upon the weighted average common shares outstanding during each year. Diluted (loss) earnings per share is based on the basic weighted (loss) earnings per share with additional weighted common shares for common stock equivalents. During the three and nine months ended September 30, 2025 and September 30, 2024, we had outstanding restricted shares of common stock to certain of our employees under the Company's restricted stock award plans. A reconciliation of the numerator (net (loss) income) and denominator (weighted average number of shares outstanding of basic and diluted) for the three and nine months ended September 30, 2025 and September 30, 2024 is as follows (in thousands, except per share data):


	Three months ended September 30, 2025
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(8,284)	77,465	$	(0.11)
Effect of restricted stock	—		53
Diluted loss per share	$	(8,284)	77,518	$	(0.11)


	Three months ended September 30, 2024
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(9,283)	78,489	$	(0.12)
Effect of restricted stock	—		11
Diluted loss per share	$	(9,283)	78,500	$	(0.12)


	Nine months ended September 30, 2025
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(33,011)	78,024	$	(0.42)
Effect of restricted stock	—		62
Diluted loss per share	$	(33,011)	78,086	$	(0.42)


	Nine months ended September 30, 2024
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(27,869)	78,814	$	(0.35)
Effect of restricted stock	—		52
Diluted loss per share	$	(27,869)	78,866	$	(0.35)