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8. EARNINGS (LOSS) PER SHARE
The table below reconciles basic and diluted (loss) earnings 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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2024 |
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2023 |
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2024 |
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2023 |
Numerator: |
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Net (loss) income ─ basic |
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$ |
(8,472) |
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$ |
4,593 |
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$ |
(28,373) |
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$ |
(12,422) |
Net (loss) income ─ diluted |
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$ |
(8,472) |
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$ |
4,593 |
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$ |
(28,373) |
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$ |
(12,422) |
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Denominator: |
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Weighted-average common shares ─ basic |
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34,944 |
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34,583 |
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34,749 |
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34,497 |
Potential dilution from share-based awards |
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— |
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2,090 |
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— |
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— |
Weighted-average common and common share equivalents ─ diluted |
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34,944 |
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36,673 |
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34,749 |
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34,497 |
Anti-dilutive share-based awards excluded from the calculation of diluted (loss) earnings per share |
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3,580 |
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1,108 |
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4,067 |
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3,998 |
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