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Earnings Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

9. Net income (loss) Per Share The components of basic and diluted net income (loss) per share were as follows:

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

(1,053

)

 

$

6,830

 

 

$

865

 

 

$

16,765

 

Denominator: (in thousands)

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding-basic

 

28,428

 

 

 

29,602

 

 

 

28,397

 

 

 

29,639

 

Dilutive effect of stock options and grants

 

 

 

 

623

 

 

 

588

 

 

 

650

 

Weighted average shares outstanding-diluted

 

28,428

 

 

 

30,225

 

 

 

28,985

 

 

 

30,289

 

 

Due to a net loss for the three-month period ended June 30, 2023, stock options and other grants were excluded from the computation of diluted net income (loss) per share. For the three-month period ended June 30, 2023, and six-month periods ended June 30, 2023, and 2022, no stock options were excluded from the computation of diluted net income (loss) per share.