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INCOME (LOSS) PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
INCOME (LOSS) PER COMMON SHARE | (LOSS) INCOME PER COMMON SHARE Basic (loss) income per common share has been computed by dividing net (loss) income by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted (loss) income per common share adjusts net (loss) income and basic (loss) income per common share for the effect of all potentially dilutive shares of the Company’s common stock. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method. The calculations of basic and diluted (loss) income per common share for the three and nine months ended September 30, 2022 and 2021 are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands, except per share amounts)
Net (loss) income – Basic and Diluted | $ | (6,358) |  |  | $ | 12,571 |  |  | $ | (9,438) |  |  | $ | 21,427 |
Weighted-average shares outstanding – Basic | 21,522 |  |  | 21,549 |  |  | 21,602 |  |  | 21,343 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options and other stock awards | — |  |  | 536 |  |  | — |  |  | 621 |
Weighted-average shares outstanding – Diluted | 21,522 |  |  | 22,085 |  |  | 21,602 |  |  | 21,964 |
Basic (loss) income per common share | $ | (0.30) |  |  | $ | 0.58 |  |  | $ | (0.44) |  |  | $ | 1.00 |
Diluted (loss) income per common share | $ | (0.30) |  |  | $ | 0.57 |  |  | $ | (0.44) |  |  | $ | 0.98 |
Antidilutive Securities(1) | 1,682 |  | 337 |  | 1,675 |  | 394
(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.

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