EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2024

Basic earnings per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated based on the combined weighted average number of common shares and potentially dilutive shares, which include the assumed exercise of employee stock options, unvested restricted stock awards, unvested restricted stock units and unvested performance stock units, including market-based performance units based on the expected achievement of performance targets. In computing diluted earnings per share, we utilize the treasury stock method.

A summary of the numerator and denominators used in the computation of earnings per share follows:


	Three Months Ended March 31,
	2024		2023
Numerator:
Net (loss) income	$	(4,117)	$	3,548
Denominators:
Number of shares outstanding, end of period:
Class A common stock	57,120		50,898
Class B common stock	988		988

Unvested restricted stock	—		(1)
Effect of weighted average shares outstanding	(78)		(115)
Basic weighted average common shares outstanding	58,030		51,770
Impact of potentially dilutive securities:
Dilutive effect of stock options and other stock awards	—		99
Diluted weighted average common shares outstanding	58,030		51,869
Anti-dilutive potentially issuable shares	379		126