7. Earnings per Share

Basic earnings per share are computed by dividing net income or loss attributable to common stockholders by the weighted average common shares outstanding for the period, which is computed using shares issued and outstanding. Diluted earnings per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the vesting of restricted shares granted but unissued, exercise of stock options and warrants. The dilutive effect of the common stock equivalents is reflected in earnings per share by use of the treasury stock method.

Basic and diluted weighted-average shares outstanding for the three-month period ended March 31, 2026 were 109,881 and 110,596, respectively. Dilutive incremental shares were included in the calculation of diluted shares for the three-month period ended March 31, 2026 due to net income from continuing operations. No dilutive incremental shares were included for the six-month period ended March 31, 2026 or for the three-month and six-month periods ended March 31, 2025 due to net losses from continuing operations. Common stock equivalents, which are excluded because their effect is anti-dilutive, were approximately 3,907 and 4,730 for the three-month periods and 4,155 and 4,160 for the six-month periods ended March 31, 2026 and 2025, respectively.