Three Months Ended

Six Months Ended

June 30,

2023

2022

2023

2022

Basic:

Net income (loss)

$

(4,748)

$

13,047

$

18,063

$

(79,697)

Less: Preferred stock dividend

(997)

—

(2,489)

—

Less: Undistributed earnings allocable to preferred shareholders

—

(1,301)

—

Net income (loss) available to common stockholders

$

(5,745)

$

13,047

$

14,273

$

(79,697)

Weighted average basic number of common shares outstanding basic

16,457

16,338

16,425

16,320

Basic net income (loss) per share of common stock

$

(0.35)

$

0.80

$

0.87

$

(4.88)

Diluted:

Net income (loss) available to common stockholders basic

$

(5,745)

$

13,047

$

14,273

$

(79,697)

Reallocation of undistributed earnings

—

7

—

Net income (loss) available to common stockholders diluted

$

(5,745)

$

13,047

$

14,280

$

(79,697)

Weighted average basic number of common shares outstanding basic

16,457

16,338

16,425

16,320

Common stock equivalent shares representing shares issuable upon:

Exercise of warrants and stock options

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

172

95

Anti-dilutive

Weighted average diluted number of common shares outstanding diluted

16,457

16,510

16,520

16,320

Diluted net income (loss) per share of common stock

$

(0.35)

$

0.79

$

0.86

$

(4.88)