Net (Loss) Income per Common Share

3 Months Ended

Mar. 31, 2024

Basic net (loss) income per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. For the three months ended March 31, 2024, since there was a net loss, the Company excluded 1,584 shares underlying outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these convertible securities would have reduced the net loss per share.

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:


	Three Months Ended
	March 31,
		2024	2023
Weighted average common shares outstanding—basic		19,286	18,882
Dilutive common shares issuable in connection with stock plans		—	153
Weighted average common shares outstanding—diluted		19,286	19,035