XML 29 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Earnings (Loss) Per Share
 6 Months Ended
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,
2023202220232022
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)$65 
Weighted average shares outstanding - basic10,210 5,747 10,195 5,715 
Dilutive effect of stock options and restricted stock— 187 — 195 
Dilutive effect of convertible notes due 2025— 4,547 — — 
Weighted average shares outstanding - diluted10,210 10,481 10,195 5,910 
Earnings (loss) per share
Basic$(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.