| | | | 5. (Loss) Earnings Per Share |
The following table sets forth the computation of basic and diluted (loss) earnings per share: | | | | | | | | | | | | | | Years ended December 31, | | (dollars in thousands, except per share amounts) | 2022 | 2021 | 2020 | | Numerator: | | | | | Net (loss) income | $ | (45,407) | | $ | 5,698 | | $ | 7,717 | | | Denominator: | | | | | Weighted average common shares | 51,569,148 | | 47,412,306 | | 48,184,714 | | | Add effect of dilutive securities: | | | | | Stock-based awards | — | | 818,132 | | 511,627 | | | Weighted average common shares assuming dilution | 51,569,148 | | 48,230,438 | | 48,696,341 | | | (Loss) earnings per share: | | | | | Basic | $ | (0.88) | | $ | 0.12 | | $ | 0.16 | | | Diluted | $ | (0.88) | | $ | 0.12 | | $ | 0.16 | | | | | | | Anti-dilutive shares excluded from calculations of diluted (loss) earnings per share | 1,046,307 | | 974,110 | | 956,303 | |
Diluted loss per share for the year ended December 31, 2022 was the same as basic loss per share as there was a net loss in the period and inclusion of potentially dilutive securities was anti-dilutive.
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