XML 27 R14.htm IDEA: XBRL DOCUMENT v3.25.4
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted EPS for the years ended December 31, 2025, 2024 and 2023 (in thousands, except per share data):
202520242023
Numerator:
Net income (loss)
$(18,672)$2,091 $99,415 
Denominator:
Weighted average shares of common stock outstanding10,981 10,930 10,884 
Effect of dilutive common stock equivalents— 33 37 
Weighted average shares of common stock outstanding10,981 10,963 10,921 
Earnings (loss) per share - basic
$(1.70)$0.19 $9.13 
Earnings (loss) per share - diluted
$(1.70)$0.19 $9.10 
The Company was in loss position as of December 31, 2025, and as such all awards were anti-dilutive. If the Company was not in a loss position, the calculation of diluted EPS would have included the effect of dilutive common stock equivalents of 121 thousand and would have excluded 217 thousand antidilutive restricted stock awards for the year ended December 31, 2025. The calculation of diluted EPS for the years ended December 31, 2024 and 2023 excluded 223 thousand and 24 thousand antidilutive restricted stock awards, respectively.