Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 99

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 1,225,485 and 1,329,013 non-vested restricted shares and 2,291 and 3,561 unexercised substantive options. For the three months ended September 30, 2024, 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 the nine months ended September 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 nine months ended September 30, 2025 and 2024 (in thousands, except share data):  For the Three Months Ended September 30,For the Nine Months Ended     September 30, 2025202420252024NumeratorNet income (loss)$6,618 $771 $10,883 $(2,869)Earnings allocated to non-vested shares303 53 539 – Total$6,315 $718 $10,344 $(2,869)DenominatorWeighted average common shares outstanding16,471,14516,537,47216,387,59015,559,279Effect of dilutive nominal options––––Effect of dilutive contingently earned shares420,732297,865368,637–Dilutive average shares outstanding16,891,87716,835,33716,756,22715,559,279Basic earnings (loss) per share$0.38 $0.04 $0.63 $(0.18)Dilutive earnings (loss) per share$0.37 $0.04 $0.62 $(0.18)Share RepurchasesOn June 6, 2025, the board of directors authorized a new share repurchase program under which the Company may repurchase up to $25 million of its common stock ("2025 Repurchase Authorization") over a 12-month period beginning on June 9, 2025. The 2025 Repurchase Authorization replaced the Company's prior share repurchase program, which was scheduled to expire on July 31, 2025. The execution of the repurchase