EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

Schedule of calculation of earnings (loss) per share

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Basic:
Net income (loss)	$	105,888	$	13,052	$	26,191	$	(54,252)
Weighted average basic number of common shares outstanding		16,340		16,270		16,327		16,257
Basic net income (loss) per share of common stock	$	6.48	$	0.80	$	1.60	$	(3.34)
Diluted:
Net income (loss)	$	105,888	$	13,052	$	26,191	$	(54,252)
Weighted average basic number of common shares outstanding		16,340		16,270		16,327		16,257
Common stock equivalent shares representing shares issuable upon:
Exercise of Warrants & Stock Options		Anti-dilutive		Anti-dilutive		Anti-dilutive		Anti-dilutive
Vesting of restricted stock units		143		158		169		Anti-dilutive
Weighted average diluted number of common shares outstanding		16,483		16,428		16,496		16,257
Diluted net income (loss) per share of common stock	$	6.42	$	0.79	$	1.59	$	(3.34)