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Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
The calculation of basic and diluted earnings per share for each period presented was as follows (dollars and shares in thousands, except per share amounts):
Three Months Ended March 31,
20232022
Net loss$(3,486)$(9,199)
Weighted average shares outstanding - basic10,179 5,683 
Dilutive effect of stock options and restricted stock— — 
Dilutive effect of convertible notes due 2025— — 
Weighted average shares outstanding - diluted10,179 5,683 
Loss per share
Basic$(0.34)$(1.62)
Diluted$(0.34)$(1.62)
For the three months ended March 31, 2023 and 2022, we excluded all potentially dilutive restricted shares and stock options in calculating diluted earnings per share as the effect was anti-dilutive due to net losses incurred for these periods.