(LOSS) EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2023

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

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


	Three Months Ended March 31,
(amounts in thousands, except per common share data)	2023		2022
Net (loss) income available to common shareholders	$	(4,960)	$	3,964

Net (loss) income used for EPS	$	(4,960)	$	3,964

Weighted-average number of common shares outstanding – basic	11,602		11,955
Weighted-average number of common shares outstanding – diluted	11,602		12,563

Basic (loss) earnings per common share	$	(0.43)	$	0.33
Diluted (loss) earnings per common share	$	(0.43)	$	0.32

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 (loss) earnings per common share:


	Three Months Ended March 31,
(amounts in thousands)	2023	2022
Weighted-average number of common shares outstanding – basic	11,602	11,955
Add:


Service-based RSUs	—	608
Weighted-average number of common shares outstanding – diluted	11,602	12,563

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 (loss) earnings per common share:


	Three Months Ended March 31,
(amounts in thousands)	2023	2022
Performance shares	300	300
Public warrants	17,294	17,227
Private warrants	5,409	5,476
Performance-based RSUs	495	348
Service-based RSUs	400	—
Total	23,898	23,351