Stockholders' Equity and Loss per Share

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity and Loss per Share

11. Stockholders’ Equity and Loss per Share

As of December 31, 2022, we had a total of 13,613,759 shares of common stock, $0.01 par value, outstanding, including 13,446 shares of restricted stock. We also had 85,092 shares held as treasury stock. Total authorized common stock is 250,000,000 shares.

Basic earnings (loss) per common share (“EPS”) are computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. A reconciliation of the numerators and denominators of the basic and diluted losses per share computations is as follows:

	Year Ended December 31,
(in thousands, except per share data)	2022		2021
Net loss (numerator):	$	(65,321)	$	(66,712)
Loss per share:
Basic and diluted	$	(5.01)	$	(8.89)
Shares (denominator):
Weighted average common shares outstanding - basic		13,026		7,507
Weighted average common shares outstanding - diluted		13,026		7,507

The following numbers of potential common shares at the end of each year presented were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive.

	Year Ended December 31,
(in thousands)	2022		2021
Convertible Notes		28,374		—
RSUs		1,566		137
SARs		1,422		—
Stock options		—		28