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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings (Loss) per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings (Loss) per Share

The following table illustrates earnings (loss) per share and the weighted average shares outstanding used in calculating basic and diluted earnings (loss) per share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income (loss)

 

$

18,876

 

 

$

(1,551

)

 

$

33,661

 

 

$

6,412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

31,534,382

 

 

 

33,018,939

 

 

 

31,538,802

 

 

 

33,099,817

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

175,119

 

 

 

 

 

 

175,623

 

 

 

228,160

 

Diluted weighted average shares of Common Stock outstanding

 

 

31,709,501

 

 

 

33,018,939

 

 

 

31,714,425

 

 

 

33,327,977

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.60

 

 

$

(0.05

)

 

$

1.07

 

 

$

0.19

 

Diluted earnings (loss) per share

 

$

0.60

 

 

$

(0.05

)

 

$

1.06

 

 

$

0.19

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Anti-dilutive securities share impact

 

 

 

 

 

198,371