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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table presents earnings per share for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
(shares presented in the table are in thousands)2024202320242023
Net (loss) income$(7,903)$9,026 $8,366 $28,020 
Weighted average shares outstanding - basic19,088 10,319 13,298 10,346 
Dilutive effect of share-based compensation138 86 143 94 
Weighted average shares outstanding - diluted19,226 10,405 13,441 10,440 
Per share information:
Basic (loss) earnings per share$(0.41)$0.87 $0.63 $2.71 
Diluted (loss) earnings per share(0.41)0.87 0.62 2.68 
For the three and nine months ended September 30, 2024, there were average outstanding restricted award shares totaling zero and 517, respectively, compared to 5,262 and 8,348 shares for the three and nine months ended September 30, 2023, respectively, excluded from the computation of earnings per share because the effect was antidilutive, as the grant price exceeded the average market price. The dilutive effect of share-based compensation in each period above relates to restricted stock awards and vested stock options assumed from the Merger.