Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS (LOSS) PER SHARE

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EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2024
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

NOTE 13. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants. Potentially dilutive securities are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive to the loss from continuing operations.

The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings (loss) per share:

Year Ended December 31,

2024

2023

2022

Weighted average shares outstanding - basic

38,305

37,485

37,201

Effect of dilutive stock awards

-

-

-

Weighted average shares outstanding - diluted

38,305

37,485

37,201

Loss from continuing operations per share:

Basic

$

(2.31)

$

(0.42)

$

(2.49)

Diluted

(2.31)

(0.42)

(2.49)

Income from discontinued operations per share:

Basic

$

0.94

$

0.15

$

0.62

Diluted

0.94

0.15

0.62

Net loss per share:

Basic

$

(1.37)

$

(0.27)

$

(1.88)

Diluted

(1.37)

(0.27)

(1.88)

For the years ended December 31, 2024, 2023, and 2022, equity awards of 4,596, 5,424, and 6,060, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of net loss per share for these periods.