Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 21

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 period. The dilutive effect of convertible debt is reflected in diluted earnings (loss) per share by application of the if-converted method. The Company uses the two-class method to determine earnings (loss) per share. 

13

For calculating basic earnings per share, for the three and six months ended June 30, 2025, the weighted average number of shares outstanding exclude 878,909 and 882,018 non-vested restricted shares and 148 and 232 unexercised substantive options. For the three and six months ended June 30, 2025, the computation of diluted earnings per share did not include the effect of non-vested restricted shares or substantive options, as their effect was antidilutive.For calculating basic loss per share, for the three and six months ended June 30, 2024, the weighted average number of shares outstanding exclude 1,331,046 and 1,381,326 non-vested restricted shares and 3,616 and 4,204 unexercised substantive options. For the three and six months ended June 30, 2024, the computation of diluted loss per share did not include the effect of all potential dilutive common stock equivalents, as their impact would have been antidilutive due to the net loss for the period.The following table represents a reconciliation of the net income (loss) and weighted average shares outstanding for the calculation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2025 and 2024 (in thousands, except share data):  For the Three Months Ended June 30,For the Six Months Ended     June 30, 2025202420252024NumeratorNet income (loss)$6,009 $(2,082)$4,265 $(3,640)Earnings allocated to non-vested shares307 – 218 – Total$5,702 $(2,082)$4,047 $(3,640)DenominatorWeighted average common shares outstanding16,331,96416,301,92616,344,17315,064,827Effect of dilutive nominal options––––Effect of dilutive contingently earned shares251,070–245,614–Dilutive average shares outstanding16,583,03416,301,92616,589,78715,064,827Basic earnings (loss) per share$0.35 $(0.13)$0