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Earnings (Loss) Per Share | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net income (loss) - basic | $ | (6,579) |  |  | $ | 9,264 |  |  | $ | (10,065) |  |  | $ | 65 |
Interest on dilutive convertible notes due 2025 | — |  |  | 2,762 |  |  | — |  |  | — |
Net income (loss) - diluted | $ | (6,579) |  |  | $ | 12,026 |  |  | $ | (10,065) |  |  | $ | 65 |
Weighted average shares outstanding - basic | 10,210 |  |  | 5,747 |  |  | 10,195 |  |  | 5,715 |
Dilutive effect of stock options and restricted stock | — |  |  | 187 |  |  | — |  |  | 195 |
Dilutive effect of convertible notes due 2025 | — |  |  | 4,547 |  |  | — |  |  | — |
Weighted average shares outstanding - diluted | 10,210 |  |  | 10,481 |  |  | 10,195 |  |  | 5,910 |
Earnings (loss) per share |  |  |  |  |  |  |
Basic | $ | (0.64) |  |  | $ | 1.61 |  |  | $ | (0.99) |  |  | $ | 0.01 |
Diluted | $ | (0.64) |  |  | $ | 1.15 |  |  | $ | (0.99) |  |  | $ | 0.01 |
For the three months and six months ended June 30, 2023, 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. For the three months and six months ended June 30, 2022, the diluted earnings per share calculation excludes approximately 59 thousand and 116 thousand shares, respectively.

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