XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.23.2

(Loss) Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2023
Earnings Per Share [Abstract] |
(Loss) Earnings Per Share | Note 8 – (Loss) Earnings Per Share Basic (loss) earnings per share are computed by dividing net (loss) income by the weighted average number of shares of Common Stock outstanding during the period. The Company’s diluted (loss) earnings per share give effect to all potential shares of Common Stock outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted (loss) earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents. The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net (loss) income |  | $ | (1,551 | ) |  | $ | 7,072 |  |  | $ | 6,412 |  |  | $ | 18,819 |
Basic weighted average shares of Common Stock outstanding |  |  | 33,018,939 |  |  |  | 33,119,085 |  |  |  | 33,099,817 |  |  |  | 33,077,029 |
Dilutive effect of stock options, restricted stock awards and restricted stock units |  |  | — |  |  |  | 307,038 |  |  |  | 228,160 |  |  |  | 344,958 |
Diluted weighted average shares of Common Stock outstanding |  |  | 33,018,939 |  |  |  | 33,426,123 |  |  |  | 33,327,977 |  |  |  | 33,421,987 |
Basic (loss) earnings per share |  | $ | (0.05 | ) |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | 0.57 |
Diluted (loss) earnings per share |  | $ | (0.05 | ) |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | 0.56 |
The following table represents Common Stock issuable upon the exercise of certain restricted stock awards and restricted stock units that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Anti-dilutive securities share impact |  |  | 198,371 |  |  |  | — |  |  |  | — |  |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration