Earnings (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Calculation of Basic and Diluted Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share are calculated as follows:


	Year Ended December 31,
(in thousands, except share and per share data)	2022		2021
Net income (loss)	$	(77,744)	$	47,414


Net income (loss) attributable to common stockholders	$	(77,744)	$	47,414

Basic weighted-average common shares outstanding	32,825,772		28,191,610
Weighted average effect of dilutive securities:
Stock options	—		1,375,915
Restricted stock units	—		755,669

Diluted weighted-average common shares outstanding	32,825,772		30,323,194

Earnings (loss) per share:
Basic	$	(2.37)	$	1.68
Diluted	$	(2.37)	$	1.56

Schedule of Antidilutive Securities Excluded from Calculation of Diluted Weighted-Average Common Shares Outstanding

The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:


	Year Ended December 31,
	2022	2021
Stock options	3,527,096	2,038,022
Restricted stock units	4,347,899	19,073


Total anti-dilutive common share equivalents	7,874,995	2,057,095