Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 392

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 392
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 recognition of stock-based compensation expense decreased diluted earnings per common share by $0.03 and basic earnings per common share by approximately $0.02 during 2022.
    
   There were no options granted during 2024, 2023, or 2022.
    
   A summary of the status of the Company’s non-vested restricted stock as of  December 31, 2024 and changes during the year ended  December 31, 2024, is presented below:

       Restricted Stock  
   Number of Shares    Weighted- Average Grant  Date Fair Value  
 Nonvested—January 1, 2024   198,859  $14.07 
 Granted   2,130   17.60 
 Canceled/forfeited/expired   (4,383)  30.65 
 Vested   (68,015)  13.64 
 Nonvested—December 31, 2024:   128,591  $13.79 

    14.  EARNINGS PER SHARE 

   Basic (loss) earnings per common share was computed by dividing net (loss) income by the weighted average number of shares outstanding (on a stock split adjusted basis) during the period. Diluted (loss) earnings per common share was calculated as follows:

       For the Year Ended December 31,  
   2024    2023    2022  
   (in thousands, except per share data)  
             
 Net (loss) income  $(31,795) $18,416  $90,672 
             
 Basic weighted average common shares outstanding(1)   21,878   22,056   22,246 
 Dilutive effect of common stock equivalents   -   141   190 
             
 Diluted weighted average common shares outstanding(1)   21,878   22,197   22,436 
             
 Basic (loss) earnings per share  $(1.45) $0.83  $4.08 
             
 Diluted (loss) earnings per share  $(1.45) $0.83  $4.04 

     (1)  As adjusted for the Company’s 2-for-1 forward stock splits paid in  March 202