XML 51 R35.htm IDEA: XBRL DOCUMENT v3.24.3
(LOSS) EARNINGS PER SHARE (“EPS”) (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Net Income and Shares Outstanding to Compute EPS
The following is a reconciliation of net (loss) income and shares outstanding to the (loss) income and number of shares used to compute EPS for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands, except share and per share data)2024202320242023
Net (loss) income
$(16,464)$6,556 $(11,339)$21,498 
Weighted average common shares outstanding - basic27,705,844 18,304,023 21,579,175 18,216,546 
Dilutive effect of outstanding:
Stock options and unvested stock grants— 368,109 — 416,344 
Weighted average common shares outstanding - diluted1
27,705,844 18,672,132 21,579,175 18,632,890 
(Loss) earnings per common share - basic
$(0.59)$0.36 $(0.53)$1.18 
(Loss) earnings per common share - diluted1
$(0.59)$0.35 $(0.53)$1.15 
(1)Weighted average diluted shares for GAAP diluted EPS are the same as shares for calculating basis EPS due to the antidilutive effect of the diluted shares when considering the GAAP loss for the three and nine months ended September 30, 2024.