Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2024
EARNINGS PER SHARE  
Summary of reconciliation of the computation for basic and diluted earnings per share

The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three months ended March 31, 2024 and 2023, respectively (in thousands, except share and per share data):

    

Three Months Ended March 31, 

2024

    

2023

Net income

$

6,277

$

5

Weighted-average number of shares outstanding - basic

 

52,991,506

 

51,206,226

Additional shares from assumed stock-settled restricted stock units

247,438

1,745,293

Additional shares issued under the employee stock purchase plan

9,035

7,036

Weighted-average number of shares outstanding - diluted

53,247,979

52,958,555

Earnings per share – basic:

$

0.12

$

-

Earnings per share – diluted:

$

0.12

$

-

Anti-dilutive shares/units excluded from earnings per share - diluted:

Additional shares from assumed exercise of private warrants

-

220,428