Reconciliation of Numerator and Denominator of Net Income (Loss) Per Share Computations |
The following is a reconciliation of the numerator and denominator of the net income (loss) per share computations for the three and six months ended
June 30, 2023 and 2022:
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30,
|
|
|
June 30,
|
|
(in thousands, except share data)
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
17,250
|
|
|
$
|
259
|
|
|
$
|
17,141
|
|
|
$
|
532
|
|
Less: preferred stock dividend
|
|
|
-
|
|
|
|
(304
|
)
|
|
|
-
|
|
|
|
(608
|
)
|
Net income (loss) allocated to common stockholders
|
|
$
|
17,250
|
|
|
$
|
(45
|
)
|
|
$
|
17,141
|
|
|
$
|
(76
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
30,140,221
|
|
|
|
25,962,617
|
|
|
|
30,090,113
|
|
|
|
25,842,456
|
|
Basic income (loss) per share
|
|
$
|
0.57
|
|
|
$
|
(0.00
|
)
|
|
$
|
0.57
|
|
|
$
|
(0.00
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common shares outstanding
|
|
|
30,397,308
|
|
|
|
25,962,617
|
|
|
|
30,333,495
|
|
|
|
25,842,456
|
|
Dilutive shares outstanding
|
|
|
30,397,308
|
|
|
|
25,962,617
|
|
|
|
30,333,495
|
|
|
|
25,842,456
|
|
Diluted income (loss) per share
|
|
$
|
0.57
|
|
|
$
|
(0.00
|
)
|
|
$
|
0.57
|
|
|
$
|
(0.00
|
)
|
|
Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following table summarizes the potential weighted average shares of Common Stock that were excluded from the determination of our diluted shares
outstanding as they were anti-dilutive:
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30,
|
|
|
June 30,
|
|
(in thousands, except share data)
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
Series A Preferred Stock
|
|
|
-
|
|
|
|
5,381,356
|
|
|
|
-
|
|
|
|
5,381,356
|
|
Unvested restricted stock
|
|
|
-
|
|
|
|
1,547,124
|
|
|
|
-
|
|
|
|
1,599,891
|
|
|
|
|
-
|
|
|
|
6,928,480
|
|
|
|
-
|
|
|
|
6,981,247
|
|
|