Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE.

9. EARNINGS PER SHARE.

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended March 31, 2024
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss	$	(11,725	)
Less: Preferred stock dividends		(315	)
Basic and diluted loss per share:
Net loss available to common stockholders	$	(12,040	)		72,766	$	(0.17	)

	Three Months Ended March 31, 2023
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss	$	(13,166	)
Less: Preferred stock dividends		(312	)
Basic and diluted loss per share:
Net loss available to common stockholders	$	(13,478	)		73,815	$	(0.18	)

There were an additional aggregate potentially dilutive weighted-average shares of 981,000 and 964,000 from convertible securities outstanding for the three months ended March 31, 2024 and 2023. These securities were not considered in calculating diluted net loss per share for the three months ended March 31, 2024 and 2023, as their effect would have been anti-dilutive.