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EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2024
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

2. EARNINGS (LOSS) PER SHARE

 

Earnings (loss) per share are calculated as follows (in thousands, except earnings per share):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$3,150

 

 

$1,266

 

 

$6,278

 

 

$565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

5,304

 

 

 

5,256

 

 

 

5,283

 

 

 

5,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share

 

$0.59

 

 

$0.24

 

 

$1.18

 

 

$0.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$3,150

 

 

$1,266

 

 

$6,278

 

 

$565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

5,304

 

 

 

5,256

 

 

 

5,283

 

 

 

5,256

 

Dilutive effect of restricted stock

 

 

 

 

 

42

 

 

 

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares outstanding

 

 

5,304

 

 

 

5,298

 

 

 

5,283

 

 

 

5,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share

 

$0.59

 

 

$0.24

 

 

$1.18

 

 

$0.11

 

 

There was no restricted stock excluded from the diluted earnings per share calculation for the three and nine month periods ended September 30, 2024 and 2023.