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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

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

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(11,721

)

 

$

(1,053

)

 

$

(10,169

)

 

$

865

 

Denominator: (in thousands)

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding-basic

 

28,024

 

 

 

28,428

 

 

 

27,934

 

 

 

28,397

 

Dilutive effect of stock options and grants

 

—

 

 

 

—

 

 

 

—

 

 

 

588

 

Weighted average shares outstanding-diluted

 

28,024

 

 

 

28,428

 

 

 

27,934

 

 

 

28,985

 

 

 

Due to a net loss for the three- and six- month periods ended June 30, 2024 and for the three-month period ended June 30, 2023, stock options and other grants were excluded from the computation of diluted net (loss) income per share. For the six-month period ended June 30, 2023, no stock options were excluded from the computation of diluted net (loss) income per share.