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Earnings per Share
 3 Months Ended
Mar. 31, 2022
Earnings per Share  
Earnings per Share

Note 13 – Earnings per Share (share counts in thousands)

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. For the three months ended March 31, 2022, the anti-dilutive effect of our securities is immaterial. Because the Company is in a net loss position for the three months ended March 31, 2021, diluted net loss per share for this period excludes the effects of common stock equivalents, which are anti-dilutive.

The details of the earnings per share calculations for the three months ended March 31, 2022 and 2021 are as follows:

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March 31,

in thousands, except per share data

    

2022

    

2021

Net loss

​

$

5,214

​

$

(9,151)

Weighted average common shares outstanding:

​

 

  

​

 

  

Basic

​

 

39,577

​

 

39,996

Incremental shares with dilutive effect:

​

 

  

​

 

​

Restricted stock awards

​

 

110

​

 

—

Diluted

​

 

39,687

​

 

39,996

​

​

​

​

​

​

​

Net loss per share:

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​

 

  

Basic

​

$

0.13

​

$

(0.23)

Diluted

​

$

0.13

​

$

(0.23)

​