Earnings Per Share

6 Months Ended

Jun. 30, 2025

Note 13. Earnings Per Share

The Company computes earnings per share in accordance with ASC Topic 260, Earnings per Share. In accordance with ASC 260, outstanding options will be considered to have been exercised and outstanding as of the beginning of the period if the average market price of the common stock during the period exceeds the exercise price of the options (they are “in the money”), and the assumed exercise of the options do not have an anti-dilutive impact on earnings per share.

A reconciliation of basic and diluted net income (loss) per share attributable to the Company were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Net income (loss) attributable to MEC	$	(1,097)	$	3,782	$	(1,077)	$	7,023
Weighted average shares outstanding		20,514,496		20,602,650		20,517,579		20,544,292
Basic income (loss) per share	$	(0.05)	$	0.18	$	(0.05)	$	0.34

Weighted average shares outstanding		20,514,496		20,602,650		20,517,579		20,544,292
Effect of dilutive stock-based compensation		184,655		432,130		201,243		370,207
Total potential shares outstanding		20,699,151		21,034,780		20,718,822		20,914,499
Diluted income (loss) per share	$	(0.05)	$	0.18	$	(0.05)	$	0.34

There were no options in the money that were excluded in the computation of diluted earnings per share for the three and six months ended June 30, 2025 and 2024 that had an anti-dilutive impact on earnings per share.

Mayville Engineering Company, Inc. 10-Q