XML 41 R21.htm IDEA: XBRL DOCUMENT v3.22.4
LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
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. 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 years ended December 31, 2022, 2021 and 2020, are as follows:
202220212020
(in thousands - except per share amounts)
Net (loss) income – Basic and Diluted
$(6,166)$20,801 $(3,007)
Weighted-average shares outstanding – Basic21,558 21,397 20,860 
Effect of dilutive securities:
Stock options and other stock awards— 640 — 
Weighted-average shares outstanding – Diluted21,558 22,037 20,860 
Basic (loss) income per common share
$(0.29)$0.97 $(0.14)
Diluted (loss) income per common share
$(0.29)$0.94 $(0.14)
Antidilutive shares (1)
1,681 380 2,167 
(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.