|
7.
(Loss) Income Per Share
Basic
(loss) income per share is calculated based on the weighted-average number of outstanding common shares during the applicable period.
Diluted (loss) income per share is based on the weighted-average number of outstanding common shares plus the weighted-average number
of potential outstanding common shares. In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive
earnings per share. The following table reconciles the (loss) income and average share amounts used to compute both basic and diluted
(loss) income per share:
Schedule of Earnings Per Share
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
Three
Months Ended |
|
|
Six
Months Ended |
|
| |
|
June
30, |
|
|
June
30, |
|
| (Amounts
in Thousands, Except for Per Share Amounts) |
|
(Unaudited) |
|
|
(Unaudited) |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| (Loss)
income per common share from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Loss)
income from continuing operations, net of taxes |
|
$ |
(3,785 |
) |
|
$ |
519 |
|
|
$ |
(7,243 |
) |
|
$ |
202 |
|
| Basic
(loss) income per share |
|
$ |
(.26 |
) |
|
$ |
.04 |
|
|
$ |
(.51 |
) |
|
$ |
.01 |
|
| Diluted
(loss) income per share |
|
$ |
(.26 |
) |
|
$ |
.03 |
|
|
$ |
(.51 |
) |
|
$ |
.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
per common share from discontinued operations, net of taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
from discontinued operations, net of taxes |
|
$ |
(166 |
) |
|
$ |
(45 |
) |
|
$ |
(268 |
) |
|
$ |
(139 |
) |
| Basic
loss per share |
|
$ |
(.01 |
) |
|
|
$ —
|
|
|
$ |
(.02 |
) |
|
$ |
(.01 |
) |
| Diluted
loss per share |
|
$ |
(.01 |
) |
|
|
$ —
|
|
|
$ |
(.02 |
) |
|
$ |
(.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
(loss) income per common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
(loss) income |
|
$ |
(3,951 |
) |
|
$ |
474 |
|
|
$ |
(7,511 |
) |
|
$ |
63 |
|
| Basic
(loss) income per share |
|
$ |
(.27 |
) |
|
$ |
.04 |
|
|
$ |
(.53 |
) |
|
$ |
— |
|
| Diluted
(loss) income per share |
|
$ |
(.27 |
) |
|
$ |
.03 |
|
|
$ |
(.53 |
) |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
weighted average shares outstanding |
|
|
14,593 |
|
|
|
13,474 |
|
|
|
14,134 |
|
|
|
13,417 |
|
| Add:
dilutive effect of stock options |
|
|
— |
|
|
|
334 |
|
|
|
— |
|
|
|
205 |
|
| Add:
dilutive effect of warrants |
|
|
— |
|
|
|
40 |
|
|
|
— |
|
|
|
35 |
|
| Diluted
weighted average shares outstanding |
|
|
14,593 |
|
|
|
13,848 |
|
|
|
14,134 |
|
|
|
13,657 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Potential
shares excluded from above weighted average share calculations due to their anti-dilutive effect include: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant |
|
|
62 |
|
|
|
— |
|
|
|
62 |
|
|
|
— |
|
|