Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2024

Note 11. Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock attributable to common stockholders:


		Three Months Ended
		March 31,
		2024		2023
	(in thousands, except per-share data)
Net income (loss)		$	155	$	(6,705	)

Weighted average common shares outstanding — Basic			18,321		16,578
Plus incremental shares from assumed conversions:
Dilutive effect of restricted stock			224		—
Dilutive effect of stock options			294		—
Dilutive effect of warrants			550		—
Weighted average common shares outstanding — Diluted			19,389		16,578
Net income (loss) per share:
Basic		$	0.01	$	(0.40	)
Diluted		$	0.01	$	(0.40	)

Incremental shares from stock options and restricted stock awards are computed using the treasury stock method. The weighted average shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or were otherwise excluded under the treasury stock method. The treasury stock method calculates dilution assuming the exercise of all in-the-money options and vesting of restricted stock, reduced by the repurchase of shares with the proceeds from the assumed exercises and unrecognized compensation expense for outstanding awards.


	Three Months Ended
	March 31,
	2024		2023
	(in thousands)
Stock options		69		1,557
Unvested restricted stock awards		279		863
Warrants		—		550
Total		348		2,970