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Earnings (Loss) per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | 7. Earnings (loss) per share Earnings (loss) per share (EPS) is computed in accordance with ASC 260—Earnings per Share and is calculated using the weighted average number of common shares outstanding during each period. Diluted EPS assumes the conversion, exercise, or issuance of all potential common stock equivalents (which can include dilution of outstanding stock options, restricted stock units, and restricted stock awards) unless the effect is to reduce a loss or increase the income per share. For purposes of this calculation, common stock subject to repurchase by the Company, options, and other dilutive awards are considered to be common stock equivalents and are only included in the calculation of diluted earnings (loss) per share when their effect is dilutive. The computation of EPS is as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator—basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (45,719 | ) |  | $ | (9,506 | ) |  | $ | (75,894 | ) |  | $ | (27,162 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic common stock (1) |  |  | 23,231,217 |  |  |  | 22,882,333 |  |  |  | 23,129,795 |  |  |  | 22,827,733 |
Weighted average common shares - diluted common stock (2) |  |  | 23,231,217 |  |  |  | 22,882,333 |  |  |  | 23,129,795 |  |  |  | 22,827,733 |
Net loss per share - basic common stock |  | $ | (1.97 | ) |  | $ | (0.42 | ) |  | $ | (3.28 | ) |  | $ | (1.19 | )
Net loss per share - diluted common stock (2) |  | $ | (1.97 | ) |  | $ | (0.42 | ) |  | $ | (3.28 | ) |  | $ | (1.19 | )
Denominator calculation from basic to diluted: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic common stock (1) |  |  | 23,231,217 |  |  |  | 22,882,333 |  |  |  | 23,129,795 |  |  |  | 22,827,733 |
Stock options and other dilutive awards |  |  | 149,236 |  |  |  | 152,783 |  |  |  | 301,309 |  |  |  | 143,802 |
Weighted average common shares - diluted common stock |  |  | 23,380,453 |  |  |  | 23,035,116 |  |  |  | 23,431,104 |  |  |  | 22,971,535 |
Shares excluded from diluted weighted average shares: |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 57,364 |  |  |  | 320,734 |  |  |  | 54,498 |  |  |  | 320,734 |
Restricted stock units and restricted stock awards |  |  | 1,186,231 |  |  |  | 480,602 |  |  |  | 849,398 |  |  |  | 447,775 |
Shares excluded from diluted weighted average shares |  |  | 1,243,595 |  |  |  | 801,336 |  |  |  | 903,896 |  |  |  | 768,509 |
(1) Unvested restricted stock units and restricted stock awards are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units and restricted stock awards are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units and restricted stock awards are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. Restricted stock awards are eligible to receive all dividends declared on the Company’s common shares during the vesting period; however, such dividends are not paid until the restrictions lapse. (2) Due to net losses for the three and nine months ended September 30, 2023 and September 30, 2022, diluted loss per share is the same as basic.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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