Basic and Diluted (Loss) Income per Share

9 Months Ended

Sep. 30, 2022

Basic and Diluted (Loss) Income per Share [Abstract]

Basic and Diluted (Loss) Income per Share

Note 3 - Basic and Diluted (Loss) Income per Share

Basic earnings per share is based on the weighted average number of outstanding common shares for the period. Diluted earnings per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding RSU's, stock options and warrants were exercised. Basic and diluted earnings per share are based on the weighted average number of outstanding shares for the period.

The number of common shares and common share equivalents used in the determination of basic and diluted (loss) income per common share were as follows:

(in thousands, except for share data)	Three months ended					Nine months ended
	September 30, 2022			September 30, 2021		September 30, 2022			September 30, 2021
Numerator:
Net (loss) income attributed to common stockholders	$	(8,992	)	$	11,438	$	(13,827	)	$	12,464
Denominator:
Weighted-average shares outstanding for basic earnings per share		21,288,883			20,863,479		21,101,942			20,714,068
Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		21,288,883			20,863,479		21,101,942			20,714,068
Shares related to potentially dilutive securities excluded because inclusion would be anti-dilutive		3,283,400			14,229		2,383,171			77,871