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NET INCOME PER COMMON SHARE
3 Months Ended
Mar. 31, 2024
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the three months ended March 31, 2024 and 2023, 4.2 million and 0.1 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.      

The following table sets forth the computation of basic and diluted earnings per share:

Three Months Ended March 31,

    

2024

    

2023

Basic:

Net (loss) income

$

(3,389)

$

3,491

Weighted average common shares

 

48,492

 

48,438

(Loss) earnings per share

$

(0.07)

$

0.07

Diluted:

Net (loss) income

$

(3,389)

$

3,491

Basic weighted average common shares

 

48,492

 

48,438

Potential common shares

 

 

1,849

Diluted weighted average common shares

 

48,492

 

50,288

Diluted (loss) earnings per share

$

(0.07)

$

0.07