EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

Schedule of calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023 are as follows (in thousands, except per share data):

	For the Three Months Ended March 31,
	2024		2023
Basic earnings per share
Net income	$	10	$	1,569
Basic weighted average shares outstanding		32,344		36,694
Basic earnings per share	$	0.00		0.04
Diluted earnings per share
Net income	$	10		1,569
Weighted average shares outstanding		32,344		36,694
Effect of dilutive securities - options and restricted stock		483		748
Diluted weighted-average shares outstanding		32,827		37,442
Diluted earnings per share	$	0.00		0.04