Computation of Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of earnings per share, basic and diluted


	For the year ended December 31,
	2022		2021		2020
In thousands, except per share amounts
(Loss) earnings from continuing operations	$	(46,226)	$	43,676	$	(70,434)
Total earnings from discontinued operations	—		—		692
Net (loss) earnings	$	(46,226)	$	43,676	$	(69,742)

Basic:
Weighted average number of shares outstanding	28,011		27,865		27,723
(Loss) earnings per share from continuing operations	$	(1.65)	$	1.57	$	(2.54)
Earnings per share from discontinued operations	0.00		0.00		0.02
Basic (loss) earnings per share	$	(1.65)	$	1.57	$	(2.52)
Diluted(1):
Weighted average number of shares outstanding	28,011		27,865		27,723
Weighted average shares issuable on exercise of dilutive stock options	—		26		—
Total	28,011		27,891		27,723

(Loss) earnings per share from continuing operations	$	(1.65)	$	1.57	$	(2.54)
Earnings per share from discontinued operations	0.00		0.00		0.02
Diluted (loss) earnings per share	$	(1.65)	$	1.57	$	(2.52)

(1)As a result of the adoption of ASU 2020-06, the Company began calculating diluted earnings per share using the if-converted method for its convertible debt instruments in 2022. Prior to the adoption, the Company calculated diluted earnings per share for its convertible debt instruments using the treasury stock method. The Company adopted ASU 2020-06 using the modified retrospective approach; therefore, prior period results have not been retroactively adjusted. Refer to Note 1, Summary of Significant Accounting Policies, for further information on the adoption of ASU 2020-06.