Quarterly report [Sections 13 or 15(d)]

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2026

NOTE 11. 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 net loss.

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


	Three Months Ended						Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025

Weighted average shares outstanding - basic		38,369			38,402			38,389			38,384
Effect of dilutive stock awards		-			-			1			-
Weighted average shares outstanding - diluted		38,369			38,402			38,390			38,384

Net income (loss) per share:
Basic	$	0.12		$	(0.22)		$	0.04		$	(0.36)
Diluted		0.12			(0.22)			0.04			(0.36)

For the three months ended June 30, 2026 and 2025, equity awards of 4,550 and 4,644, respectively, and for the six months ended June 30, 2026 and 2025, equity awards of 4,502 and 4,455, respectively, were excluded from the calculation of earnings (loss) per share for these periods as they were anti-dilutive.