Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company's common shareholders for the three and nine months ended September 30, 2023 and 2022:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
EPS numerator:
Net income	$	7,192	$	3,641	$	15,505	$	2,991
EPS denominator:
Weighted average shares outstanding – basic	10,963		10,445		10,696		10,430
Impact of dilutive securities	826		245		976		165
Weighted average shares outstanding – diluted	11,789		10,690		11,672		10,595
EPS:
Basic	$	0.66	$	0.35	$	1.45	$	0.29
Diluted	$	0.61	$	0.34	$	1.33	$	0.28

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the securities that were antidilutive or out-of-the-money, and therefore, were not included in the computations of diluted income per common share:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Out-of-the-money warrants (see Note 7)	—	1,229,643	—	1,229,643
Service-based RSUs (See Note 14)	—	56	49	3,818
Performance and market-based RSUs(1)	—	197	153	842
Employee Stock Purchase Plan	33	233	1,114	1,301
Total	33	1,230,129	1,316	1,235,604

(1)    For the three and nine months ended September 30, 2022, certain MRSU awards (each defined in Note 14) were not included in the computation of diluted income per common share because the performance and market conditions were not satisfied during the periods and would not be satisfied if the reporting date was at the end of the contingency period.