Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2024

Note 12 — Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the basic weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Basic weighted average common shares outstanding		19,065		19,191		19,147		19,164
Weighted average common equivalent shares		—		98		—		75
Diluted weighted average common shares outstanding		19,065		19,289		19,147		19,239
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,611		631		1,263		649