Loss Per Common Share

3 Months Ended

Mar. 31, 2023

The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share data):


	Three Months Ended March 31,
Basic loss per common share	2023		2022
Net loss	$	(13,532)	$	(3,389)
Net loss allocated to participating securities	60		18
Net loss allocated to common shareholders	$	(13,472)	$	(3,371)

Basic weighted-average common shares outstanding	40,432		39,850
Basic loss per common share	$	(0.33)	$	(0.08)


	Three Months Ended March 31,
Diluted loss per common share	2023		2022
Net loss	$	(13,532)	$	(3,389)
Net loss allocated to participating securities	60		18
Net loss allocated to common shareholders	$	(13,472)	$	(3,371)

Basic weighted-average common shares outstanding	40,432		39,850

Diluted weighted-average common shares outstanding	40,432		39,850
Diluted loss per common share	$	(0.33)	$	(0.08)

We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three months ended March 31, 2023 and 2022 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss.