(LOSS) EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of 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 September 30,				Nine Months Ended September 30,
(amounts in thousands, except per common share data)	2023		2022		2023		2022
Net (loss) income available to common shareholders	$	(3,952)	$	(4,920)	$	(13,368)	$	3,406

Net (loss) income used for EPS	$	(3,952)	$	(4,920)	$	(13,368)	$	3,406
Weighted-average number of common shares outstanding – basic	11,570		11,940		11,567		11,944
Weighted-average number of common shares outstanding – diluted	11,570		11,940		11,567		12,215
Basic (loss) earnings per common share	$	(0.34)	$	(0.41)	$	(1.16)	$	0.29
Diluted (loss) earnings per common share	$	(0.34)	$	(0.41)	$	(1.16)	$	0.28

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 September 30,		Nine Months Ended September 30,
(amounts in thousands)	2023	2022	2023	2022
Weighted-average number of common shares outstanding – basic	11,570	11,940	11,567	11,944
Add:


Service-based RSUs	—	—	—	271
Weighted-average number of common shares outstanding – diluted	11,570	11,940	11,567	12,215

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 September 30,		Nine Months Ended September 30,
(amounts in thousands)	2023	2022	2023	2022
Performance shares	300	300	300	300
Public warrants	17,294	17,227	17,294	17,227
Private warrants	5,409	5,476	5,409	5,476
Performance-based RSUs	495	348	495	348
Service-based RSUs	480	343	480	72
Total	23,978	23,694	23,978	23,423