Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2024

Note 11 — Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the basic weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Basic weighted average common shares outstanding		19,093		19,193		19,189		19,151
Weighted average common equivalent shares		31		65		—		63
Diluted weighted average common shares outstanding		19,124		19,258		19,189		19,214
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,620		706		1,089		657