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7. EARNINGS (LOSS) PER SHARE
The table below reconciles basic and diluted earnings (loss) per share of common stock:
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(In thousands) |
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
Numerator: |
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Net income (loss) ─ basic |
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$ |
4,593 |
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$ |
(3,577) |
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$ |
(12,422) |
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$ |
(7,822) |
Net income (loss) ─ diluted |
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$ |
4,593 |
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$ |
(3,577) |
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$ |
(12,422) |
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$ |
(7,822) |
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Denominator: |
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Weighted-average common shares ─ basic |
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34,583 |
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34,390 |
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34,497 |
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34,339 |
Potential dilution from share-based awards |
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2,090 |
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89 |
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— |
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60 |
Weighted-average common and common share equivalents ─ diluted |
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36,673 |
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34,479 |
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34,497 |
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34,399 |
Anti-dilutive share-based awards excluded from the calculation of diluted earnings (loss) per share |
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1,108 |
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3,512 |
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3,998 |
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2,466 |
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