Three Months Ended

Nine Months Ended

September 30,

(In thousands, except share and earnings per share data)

2022

2021

2022

2021

Basic earnings (loss) per common share

Numerator:

Net (loss) income

$

(9,957

)

$

79

$

(89,577

)

$

6,837

Amount attributable to unvested restricted shares

-

(2

)

-

(212

)

Amount attributable to warrants outstanding

-

(4

)

Net (loss) income allocated to common shareholders

(9,957

)

77

(89,577

)

6,621

Denominator:

Weighted-average common shares issued and outstanding

42,647,967

40,911,801

42,376,392

37,435,224

Basic (loss) earnings per common share

$

(0.23

)

$

0.00

$

(2.11

)

$

0.18

Diluted earnings (loss) per common share

Numerator:

Net (loss) income

$

(9,957

)

$

79

$

(89,577

)

$

6,837

Amount attributable to unvested restricted shares

-

(2

)

-

(205

)

Amount attributable to warrants

-

(4

)

Diluted (loss) earnings per common share

(9,957

)

77

(89,577

)

6,628

Denominator:

Weighted-average common shares issued and outstanding

42,647,967

40,911,801

42,376,392

37,435,224

Dilutive potential common shares from:

Stock options

-

1,069,207

-

1,330,207

Restricted shares

-

1,315,462

-

1,195,154

Warrants

-

24,338

Diluted weighted average shares issued and outstanding

42,647,967

43,296,470

42,376,392

39,984,923

Diluted (loss) earnings per common share

$

(0.23

)

$

0.00

$

(2.11

)

$

0.17