Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 59

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 of  September 30, 2025, 1,451,586 shares were held in the treasury at an aggregate cost of approximately $28,924,000.

   NOTE H: EARNINGS PER SHARE
   Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive restricted stock. The computation of diluted earnings per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on earnings per share. The computations of basic and diluted earnings per share were as follows:

       Three Months Ended    Nine Months Ended  
   September 30,    September 30,  
   2025    2024    2025    2024  
   (in thousands, except per share data)  
                 
 Net (Loss)/Income  $(5,587) $2,412  $(23,356) $(217)
                 
 Basic weighted average common shares outstanding   20,926   21,771   21,305   21,911 
 Dilutive effect of common stock equivalents   -   54   -   - 
 Diluted weighted average common shares outstanding   20,926   21,825   21,305   21,911 
                 
 Basic (loss)/earnings per share  $(0.27) $0.11  $(1.10) $(0.01)
 Diluted (loss)/earnings per share  $(0.27) $0.11  $(1.10) $(0.01)

     11

   NOTE I: INCOME TAXES
   The Company and its subsidiaries are subject to U.S. and Canadian federal income tax laws as well as the income tax laws of multiple state jurisdictions. The major tax jurisdictions in which the Company operates generally provide for a deficiency assessment statute of limitations period of three years, and as a result, the Company’s tax years 2021 and forward remain open to examination in those jurisdictions.
    
   In determining whether a tax asset valuation allowance is necessary, management, in accordance with the provisions of ASC 740-10-30, Accounting for Income Taxes, weighs all available evidence