|
9. EARNINGS PER SHARE.
The
following tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three Months Ended
June 30, 2024 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss |
|
$ |
(3,106 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(316 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss available to common stockholders |
|
$ |
(3,422 |
) |
|
|
73,486 |
|
|
$ |
(0.05 |
) |
| |
|
Three Months Ended
June 30, 2023 |
|
| |
|
Income Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net income |
|
$ |
7,595 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Less: Income allocated to participating securities |
|
|
(96 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
7,184 |
|
|
|
73,394 |
|
|
$ |
0.10 |
|
| Add: Dilutive instruments |
|
|
— |
|
|
|
709 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
7,184 |
|
|
|
74,103 |
|
|
$ |
0.10 |
|
| |
|
Six Months Ended
June 30, 2024 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss |
|
$ |
(14,831 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(631 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss available to common stockholders |
|
$ |
(15,462 |
) |
|
|
73,126 |
|
|
$ |
(0.21 |
) |
| |
|
Six Months Ended
June 30, 2023 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss |
|
$ |
(5,571 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss available to common stockholders |
|
$ |
(6,198 |
) |
|
|
73,603 |
|
|
$ |
(0.08 |
) |
There
were an additional aggregate potentially dilutive weighted-average shares of 981,000 from convertible securities outstanding for the
three and six months ended June 30, 2024 and June 30, 2023. These securities were not considered in calculating diluted net income (loss)
per share for the three and six months ended June 30, 2024 and the six months ended June 30, 2023, as their effect would have been anti-dilutive.
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