Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share and Shareholders' Equity (Tables)

v3.24.2.u1
Income (Loss) Per Share and Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Income (Loss) Per Share

The following table presents the computation of basic and diluted income per share for the three and six months ended June 30, 2024 and 2023 (in thousands, except per share data):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,889

 

 

$

1,102

 

 

$

8,129

 

 

$

1,743

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 

 

16,415

 

 

 

16,201

 

 

 

16,315

 

 

 

16,098

 

Effect of dilutive share-based awards

 

 

449

 

 

 

148

 

 

 

495

 

 

 

256

 

Weighted average diluted shares

 

 

16,864

 

 

 

16,349

 

 

 

16,810

 

 

 

16,354

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$

0.12

 

 

$

0.07

 

 

$

0.50

 

 

$

0.11

 

Diluted income per share

 

$

0.11

 

 

$

0.07

 

 

$

0.48

 

 

$

0.11