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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
2.
Earnings (loss) per share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The computations for basic and diluted earnings (loss) per share are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(9,910

)

 

$

13,806

 

 

$

(2,886

)

 

$

24,725

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — basic

 

 

66,111

 

 

 

65,691

 

 

 

66,010

 

 

 

65,535

 

Effect of stock options and restricted stock units

 

 

-

 

 

 

620

 

 

 

-

 

 

 

711

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding — diluted

 

 

66,111

 

 

 

66,311

 

 

 

66,010

 

 

 

66,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share — basic

 

$

(0.15

)

 

$

0.21

 

 

$

(0.04

)

 

$

0.38

 

Earnings (loss) per share — diluted

 

$

(0.15

)

 

$

0.21

 

 

$

(0.04

)

 

$

0.37

 

 

For the three and nine months ended September 30, 2022, 309 and 478 stock options and restricted stock units, respectively, were excluded from the diluted weighted average common shares outstanding because the Company incurred a loss for the quarter and nine months ended September 30, 2022.