Earnings (loss) per share

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023

Net income (loss)	$	7,673	$	1,733	$	28,697	$	(1,498	)

Weighted-average common shares outstanding — basic		67,118		66,462		66,924		66,363
Effect of stock options and restricted stock units		579		343		691		—

Weighted-average common shares outstanding — diluted		67,697		66,805		67,615		66,363

Earnings (loss) per share — basic	$	0.11	$	0.03	$	0.43	$	(0.02	)
Earnings (loss) per share — diluted	$	0.11	$	0.03	$	0.42	$	(0.02	)

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 and six months ended June 30, 2024, respectively, there were 60 and 59 stock options (“NQSOs”) and restricted stock units (“RSUs”) excluded from the calculation of diluted earnings per share, based on the application of the treasury stock method, as such NQSOs and RSUs were determined to be anti-dilutive. For the three and six months ended June 30, 2023, respectively, there were 918 and 554 NQSOs and RSUs excluded from the calculation of diluted earnings per share, based on the application of the treasury stock method, as such NQSOs and RSUs were determined to be anti-dilutive.