Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.22.4
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS 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 years ended December 31, 2022, 2021, and 2020.
Year Ended December 31,
2022 2021 2020
Net income (loss) $ (163,747) $ 12,786  $ 5,328 
Weighted-average shares outstanding, basic 60,813  59,223  43,945 
Effect of dilutive outstanding warrants and stock options —  1,241  2,511 
Weighted-average shares outstanding, dilutive 60,813  60,464  46,456 
Basic income per share $ (2.69) $ 0.22  $ 0.12 
Dilutive income per share $ (2.69) $ 0.21  $ 0.11 

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:

  Year Ended
  2022 2021 2020
Restricted stock 1,480  —  — 
Stock options and warrants 204  —  — 
Total 1,684  —  —