Company: BWMN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023232
Chunk: 85

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 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. For calculating basic earnings (loss) per share, for the three months ended March 31, 2025, the weighted average number of shares outstanding exclude 885,348 non-vested restricted shares and 317 unexercised substantive options. For the three months ended March 31, 2025, the computation of diluted earnings (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.

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For calculating basic earnings (loss) loss per share, for the three months ended March 31, 2024, the weighted average number of shares outstanding exclude 1,431,607 non-vested restricted shares and 4,791 unexercised substantive options. For the three months ended March 31, 2024, the computation of diluted earnings (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 loss and weighted average shares outstanding for the calculation of basic and diluted earnings (loss) per share for the three months ended March 31, 2025 and 2024 (in thousands, except share data):  For the Three Months Ended March 31, 20252024NumeratorNet loss$(1,744)$(1,558)Earnings allocated to non-vested shares– – Total$(1,744)$(1,558)DenominatorWeighted average common shares outstanding16,356,33113,827,728Effect of dilutive nominal options––Effect of dilutive contingently earned shares––Dilutive average shares outstanding16,356,33113,827,728Basic earnings (loss) per share$(0.11)$(0.11)Dilutive earnings (loss) per share$(0.11)$(0.11)Share RepurchasesOn August 15, 2024, the board of directors authorized a $25 million share repurchase program under which the Company may repurchase up to $25 million of our common stock. On November 29, 2024, the board of directors authorized an increase to this repurchase authorization from $25 million to