Earnings Per Share

3 Months Ended

Mar. 31, 2022

The following table presents the reconciliation of the numerator and denominator for calculating net income (loss) per share:


	First Quarter
(In thousands, except per share data)		2022		2021
Numerator
Net income (loss) - basic and diluted		$	2,521	$	(5,362)

Denominator
Weighted average common shares outstanding - basic		92,118		90,701
Dilutive effect of stock options and restricted stock awards		1,821		—
Weighted average common shares outstanding - diluted		93,939		90,701

Net income (loss) per common share
Basic		$	0.03	$	(0.06)
Diluted		$	0.03	$	(0.06)

We excluded the following weighted average potential shares from the calculations of diluted net income (loss) per share during the applicable periods because their inclusion would have been anti-dilutive:


	First Quarter
(In thousands)		2022	2021
Stock options and restricted stock awards		1,867	5,299

For the first quarter of 2021, we excluded all potentially dilutive stock options and restricted stock awards in calculating diluted earnings per share as the effect was anti-dilutive due to the net loss incurred for this period.