Earnings Per Share
Basic income (loss) per share (“EPS”) is calculated using the income available to common stockholders, divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is calculated using income available to common stockholders divided by the weighted average number of shares of common stock including both shares outstanding and shares potentially issuable in connection with restricted common stock awards and stock options under our stock incentive plans.
Reconciliations of basic and diluted EPS are as follows:
Year Ended December 31,
In thousands, except per share amounts20252024
Numerator:
Net loss$(811)$(30,297)
Denominator:
Basic EPS denominator: 7,3937,293
Diluted EPS denominator7,3937,293
Basic (loss) income per common share$(0.11)$(4.15)
Diluted (loss) income per common share$(0.11)$(4.15)
For the years ended December 31, 2025 and 2024, respectively, the following shares have been excluded from the calculation of shares used in the diluted EPS calculation: 207,406 and 349,129 shares of anti-dilutive market price options; 127,506 and 20,685 anti-dilutive unvested shares.

Historical Timeline

Fiscal YearFiled
2025Mar 17, 2026Showing above
2024Mar 17, 2025
2023Apr 1, 2024
2022Mar 31, 2023
2021Mar 21, 2022
2020Mar 24, 2021
2019Mar 19, 2020
2018Mar 18, 2019
2017Mar 15, 2018
2016Jun 16, 2017
2015Mar 14, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.