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Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Earnings Per Share
Earnings (loss) per share was calculated as follows:
Three Months Ended March 31,
(In thousands, except per-share amounts)20222021
BASIC
Net income (loss)$(2,910)$6,993 
Weighted-average common shares outstanding12,812 13,803 
Basic earnings (loss) per share $(0.23)$0.51 
DILUTED
Net income (loss)$(2,910)$6,993 
Weighted-average common shares outstanding for basic12,812 13,803 
Dilutive effect of stock options, restricted stock and common stock warrants— 396 
Weighted-average common shares outstanding on a diluted basis12,812 14,199 
Diluted earnings (loss) per share $(0.23)$0.49 
Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share
The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:
Three Months Ended March 31,
(In thousands)20222021
Stock options828 230 
Restricted stock awards356 50 
Common stock warrants275 —