Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2023

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 (loss) per share is computed similar to basic earnings (loss) 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					Six Months Ended
	June 30,					June 30,
	2023		2022			2023			2022

Net income (loss)	$	1,733	$	(4,033	)	$	(1,498	)	$	7,024

Weighted-average common shares outstanding — basic		66,462		66,071			66,363			65,959
Effect of stock options and restricted stock units		343		—			—			521

Weighted-average common shares outstanding — diluted		66,805		66,071			66,363			66,480

Earnings (loss) per share — basic	$	0.03	$	(0.06	)	$	(0.02	)	$	0.11
Earnings (loss) per share — diluted	$	0.03	$	(0.06	)	$	(0.02	)	$	0.11

For the six months ended June 30, 2023, 319 stock options and restricted stock units were excluded from the diluted weighted average common shares outstanding because the Company incurred a loss during this period. For the three months ended June 30, 2022, 447 of stock options and restricted stock units were excluded from the diluted weighted average common shares outstanding because the Company incurred a loss for the quarter.

For the three and six months ended June 30, 2023, 918 and 554 stock options (“NQSOs”) and restricted stock units (“RSUs”) were excluded from the calculation of diluted earnings per share, respectively, based on the application of the treasury stock method, as such NQSOs and RSUs were determined to be anti-dilutive.