Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

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:


	Year Ended December 31, 2024
	Net Loss		Average Shares Outstanding	Loss Per Share
	(in thousands, except for share and per share amounts)
Basic	$	(41,082)	37,172,635	$	(1.11)
Unvested restricted stock and stock units	—		—	—
Diluted	$	(41,082)	37,172,635	$	(1.11)


	Year Ended December 31, 2023
	Net Loss		Average Shares Outstanding	Loss Per Share
	(in thousands, except for share and per share amounts)
Basic	$	(32,213)	33,282,234	$	(0.97)
Unvested restricted stock and stock units	—		—	—
Diluted	$	(32,213)	33,282,234	$	(0.97)

The diluted earnings (loss) per share calculation excludes all stock options, unvested restricted stock, unvested restricted stock units, and unvested performance stock units for the years ended December 31, 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
Year ended December 31,	260,447	1,113,033