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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
EARNINGS PER SHARE |
Schedule of calculation of earnings (loss) per share | The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
Basic: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | ​ | $ | (105) | ​ | $ | (4,748) | ​ | $ | (31,307) | ​ | $ | 18,063
Less: Preferred stock dividend | ​ | ​ | (8,586) | ​ | ​ | (997) | ​ | ​ | (14,218) | ​ | ​ | (2,489)
Less: Undistributed earnings allocable to preferred stockholders | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,301)
Net (loss) income available to common stockholders | ​ | $ | (8,691) | ​ | $ | (5,745) | ​ | $ | (45,525) | ​ | $ | 14,273
Weighted average basic number of common shares outstanding basic | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,425
Basic net (loss) income per share of common stock | ​ | $ | (0.53) | ​ | $ | (0.35) | ​ | $ | (2.77) | ​ | $ | 0.87
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income available to common stockholders basic | ​ | $ | (8,691) | ​ | $ | (5,745) | ​ | $ | (45,525) | ​ | $ | 14,273
Reallocation of undistributed earnings | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7
Net (loss) income available to common stockholders diluted | ​ | $ | (8,691) | ​ | $ | (5,745) | ​ | $ | (45,525) | ​ | $ | 14,280
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic number of common shares outstanding basic | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,425
Common stock equivalent shares representing shares issuable upon: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercise of stock options | ​ | ​ | Anti-dilutive | ​ | ​ | Anti-dilutive | ​ | ​ | Anti-dilutive | ​ | ​ | Anti-dilutive
Vesting of restricted stock units | ​ | ​ | Anti-dilutive | ​ | ​ | Anti-dilutive | ​ | ​ | Anti-dilutive | ​ | ​ | 95
Weighted average diluted number of common shares outstanding diluted | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,457 | ​ | ​ | 16,520
Diluted net (loss) income per share of common stock | ​ | $ | (0.53) | ​ | $ | (0.35) | ​ | $ | (2.77) | ​ | $ | 0.86

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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