INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

(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 months ended March 31, 2023 and 2022 are as follows:


	Three Months Ended March 31,
	2023		2022
	(in thousands, except per share amounts)
Net (loss) income – Basic and Diluted	$	(8,805)	$	380
Weighted-average shares outstanding – Basic	21,225		21,755
Effect of dilutive securities:
Stock options and other stock awards	—		393
Weighted-average shares outstanding – Diluted	21,225		22,148
Basic (loss) income per common share	$	(0.41)	$	0.02
Diluted (loss) income per common share	$	(0.41)	$	0.02
Antidilutive Securities(1)	1,581		430

(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.