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(Loss) Income Per Common Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
(Loss) Income Per Common Share (Loss) Income Per Common Share
The following table sets forth the computation of basic and diluted (loss) income per common share (in thousands, except per share data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
Basic (loss) income per common share2024202320242023
Net (loss) income$(2,288)$(9,801)$3,124 $(26,715)
Net loss (income) allocated to participating securities39 (6)108 
Net (loss) income allocated to common stockholders$(2,285)$(9,762)$3,118 $(26,607)
Basic weighted-average common shares outstanding41,84440,88141,60740,691
Basic (loss) income per common share$(0.05)$(0.24)$0.07 $(0.65)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Diluted (loss) income per common share2024202320242023
Net (loss) income$(2,288)$(9,801)$3,124 $(26,715)
Net loss (income) allocated to participating securities39 (6)108 
Net (loss) income allocated to common stockholders$(2,285)$(9,762)$3,118 $(26,607)
Basic weighted-average common shares outstanding41,84440,88141,60740,691
Effect of dilutive stock options and awards1,014
Diluted weighted-average common shares outstanding41,84440,88142,62140,691
Diluted (loss) income per common share$(0.05)$(0.24)$0.07 $(0.65)
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 September 30, 2024 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. For the nine months ended September 30, 2024 591,000 potential common shares related to stock options and awards were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding. For the three and nine months ended September 30, 2023 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.