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Earnings Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
5. (Loss) Earnings Per Share
We compute basic (loss) earnings per share by dividing net (loss) income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted (loss) earnings per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of common shares and dilutive potential common shares outstanding during the period. Diluted (loss) earnings per share reflect the assumed exercise, settlement and vesting of all dilutive securities using the “treasury stock method” except when the effect is anti-dilutive. Potentially dilutive securities consist of shares issuable upon the exercise of stock options, settlement of stock appreciation rights and vesting of restricted stock awards and units. Diluted loss per share for the three and nine months ended September 30, 2022 was the same as basic loss per share as there was a net loss in the period and inclusion of potentially dilutive securities was anti-dilutive.
The following table sets forth the computation of basic and diluted (loss) earnings per share:
  
Three months ended
September 30,
Nine months ended
September 30,
(dollars in thousands, except per share amounts)
2022
2021
2022
2021
Numerator:
Net (loss) income$(10,319)$6,188 $(24,148)$12,755 
Denominator:
Weighted average common shares51,692,152 47,542,746 51,519,340 47,554,746 
Add effect of dilutive securities:
Stock-based awards— 731,326 — 705,210 
Weighted average common shares assuming dilution51,692,152 48,274,072 51,519,340 48,259,956 
(Loss) earnings per share:
Basic$(0.20)$0.13 $(0.47)$0.27 
Diluted$(0.20)$0.13 $(0.47)$0.26 
Anti-dilutive shares excluded from calculations of diluted (loss) earnings per share936,214 904,100 1,195,709 1,034,091