Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2024

Diluted weighted average shares is calculated as basic weighted average shares plus the effect, calculated using the treasury stock method, of assuming that restricted share units and performance share units have vested. The following table provides a reconciliation between the Company's basic weighted average number of common shares outstanding to its diluted weighted average number of common shares outstanding:


(In thousands, except per share data)	Three Months Ended June 30				Six Months Ended June 30
	2024		2023		2024		2023
Weighted average number of common shares outstanding, basic	51,060		53,815		51,036		53,900
Dilutive effect of securities:
Restricted Share Units	128		87		120		95
Performance Share Units	37		16		31		22


Weighted average number of common shares outstanding, diluted	51,225		53,918		51,187		54,017
Effect of dilutive shares on earnings (loss) per share	$	—	$	—	$	—	$	—

The diluted weighted average number of common shares outstanding for the three and six months ended June 30, 2024 excluded approximately 143,000 and 197,000, respectively, of common share equivalents issuable under the Company's stock compensation plans, as compared to approximately 339,000 and 170,000 during the same respective periods of 2023, as their effect would have been antidilutive.

Dilutive common share equivalents are reflected in the earnings (loss) per share calculation while antidilutive common share equivalents are not reflected in the earnings (loss) per share calculation.