XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2024
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 EndedSix Months Ended
June 30,June 30,
2024202320242023
Net loss$(6,696)$(6,579)$(17,011)$(10,065)
Weighted average shares outstanding - basic12,330 10,210 12,266 10,195 
Dilutive effect of stock options and restricted stock— — — — 
Weighted average shares outstanding - diluted12,330 10,210 12,266 10,195 
Loss per share
Basic$(0.54)$(0.64)$(1.39)$(0.99)
Diluted$(0.54)$(0.64)$(1.39)$(0.99)
For the three and six months ended June 30, 2024 and 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. Diluted earnings per share was calculated using treasury stock method for the restricted shares and stock options.