Earnings (loss) per share

9 Months Ended

Sep. 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					Nine Months Ended
	September 30,					September 30,
	2024		2023			2024		2023

Net income (loss)	$	8,852	$	(6,154	)	$	37,549	$	(7,652	)

Weighted-average common shares outstanding — basic		67,217		66,532			67,021		66,419
Effect of stock options and restricted stock units		613		—			666		—

Weighted-average common shares outstanding — diluted		67,830		66,532			67,687		66,419

Earnings (loss) per share — basic	$	0.13	$	(0.09	)	$	0.56	$	(0.12	)
Earnings (loss) per share — diluted	$	0.13	$	(0.09	)	$	0.55	$	(0.12	)

For the three and nine months ended September 30, 2023, respectively, 652 and 427 stock options (“NQSOs”) and restricted stock units (“RSUs”) were excluded from the diluted weighted average common shares outstanding because the Company incurred a loss during these periods.

For the three and nine months ended September 30, 2024, respectively, there were 56 and 59 stock options and restricted stock units 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 nine months ended September 30, 2023, respectively, there were no 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.