EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Components and Results of Operations and Earnings (Loss) Per Common Share Calculations

The following are the components and results of operations and earnings (loss) per common share calculations for the periods presented:


	Twelve Months Ended December 31,
(amounts in thousands, except share and per share data)	2022		2021
Net (loss) income available to common shareholders	$	(779)	$	17,043

Net (loss) income used for EPS	$	(779)	$	17,043

Weighted-average number of common shares outstanding – basic	11,942		11,851
Weighted-average number of common shares outstanding – diluted	11,942		11,939

Basic (loss) earnings per common share	$	(0.07)	$	1.44
Diluted (loss) earnings per common share	$	(0.07)	$	1.43

Schedule of Weighted Average Shares Outstanding

The following table presents the reconciliation from basic to diluted weighted average shares outstanding used in the calculation of basic and diluted earnings per share:


	Twelve Months Ended December 31,
(amounts in thousands)	2022	2021
Weighted-average number of common shares outstanding – basic	11,942	11,851
Add:


Service-based RSUs	—	88
Weighted-average number of common shares outstanding – diluted	11,942	11,939

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income (loss) per share of common stock:


	Twelve Months Ended December 31,
(amounts in thousands)	2022	2021
Performance based shares	300	300
Public warrants	17,227	16,927
Private warrants	5,476	6,946
Performance based and market-condition RSUs	335	348
Service-based RSUs	309	—
Total	23,647	24,521