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EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
The following table presents earnings (loss) per share for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
(shares presented in the table are in thousands)2023202220232022
Net income (loss)$9,026 $(4,828)$28,020 $12,411 
Weighted average shares outstanding - basic10,319 10,369 10,346 10,611 
Dilutive effect of share-based compensation86 — 94 147 
Weighted average shares outstanding - diluted10,405 10,369 10,440 10,758 
Per share information:
Basic earnings (loss) per share$0.87 $(0.47)$2.71 $1.17 
Diluted earnings (loss) per share0.87 (0.47)2.68 1.16 
For the three and nine months ended September 30, 2023, there were average outstanding restricted award shares totaling 5,262 and 8,348, respectively, compared to 1,000 and 39,219 for the three and nine months ended September 30, 2022, respectively, excluded from the computation of earnings (loss) per share because the effect was antidilutive, as the grant price exceeded the average market price. The dilutive effect of share-based compensation in each period above relates principally to restricted stock awards.