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Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is based on the weighted average number of shares outstanding for the period, including the dilutive effect of equity awards.

Basic and diluted earnings (loss) per share of common stock was computed as follows: 

			Three Months Ended September 30, 2024																		Three Months Ended September 30, 2023
			Net Loss						Average Shares Outstanding						Loss Per Share						Net Loss						Average Shares Outstanding						Loss Per Share
			(in thousands, except share and per share amounts)
Basic			$	(10,143)					39,209,798						$	(0.26)					$	(13,262)					33,659,386						$	(0.39)
Unvested restricted stock and stock units			—						—						—						—						—						—
Assumed exercise of stock options			—						—						—						—						—						—
Diluted			$	(10,143)					39,209,798						$	(0.26)					$	(13,262)					33,659,386						$	(0.39)

			Nine Months Ended September 30, 2024																		Nine Months Ended September 30, 2023
			Net Loss						Average Shares Outstanding						Loss Per Share						Net Loss						Average Shares Outstanding						Loss Per Share
			(in thousands, except share and per share amounts)
Basic			$	(32,239)					36,188,175						$	(0.89)					$	(21,908)					33,090,792						$	(0.66)
Unvested restricted stock and stock units			—						—						—						—						—						—
Assumed exercise of stock options			—						—						—						—						—						—
Diluted			$	(32,239)					36,188,175						$	(0.89)					$	(21,908)					33,090,792						$	(0.66)

The diluted earnings (loss) per share calculation excludes all stock options, unvested restricted stock, and unvested restricted stock units for the three and nine months ended September 30, 2024 and 2023 because their inclusion would be anti-dilutive given the Company was in a net loss position. The average number of securities that were excluded from diluted earnings (loss) per share that would potentially dilute earnings (loss) per share for the periods in which the Company experienced a net loss were as follows:

			2024						2023
Three months ended September 30,			151,898						806,722
Nine months ended September 30,			333,128						1,267,609

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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