Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v3.22.2.2
EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
   
The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computation for the nine months ended September 30, 2022 and 2021:

  Three Months Ended
  September 30,
2022
September 30,
2021
Net income (loss) $ (7,202) $ 4,027 
Weighted average shares outstanding, basic 60,855  58,531 
Effect of dilution —  959 
Adjusted weighted average shares outstanding, dilutive 60,855  59,490 
Basic earnings (loss) per share $ (0.12) $ 0.07 
Dilutive earnings (loss) per share $ (0.12) $ 0.07 
 
  Nine Months Ended
  September 30,
2022
September 30,
2021
Net income (loss) $ (148,758) $ 16,887 
Weighted average shares outstanding, basic 60,771  58,994 
Effect of dilution —  1,114 
Adjusted weighted average shares outstanding, dilutive 60,771  60,108 
Basic earnings (loss) per share $ (2.45) $ 0.29 
Dilutive earnings (loss) per share $ (2.45) $ 0.28 

The following potentially outstanding restricted stock and stock options were excluded from the computation of diluted earnings per share because the effect would have been antidilutive:

  Three Months Ended
  September 30,
2022
September 30,
2021
Restricted stock 646
Stock options 84
Total 730

  Nine Months Ended
  September 30,
2022
September 30,
2021
Restricted stock 677
Stock options 238
Total 915