Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2024

Earnings (loss) per share was calculated as follows:


	Three Months Ended March 31,
(In thousands, except per-share amounts)	2024		2023
BASIC
Net income (loss)	$	(8,649)	$	(61,363)
Weighted-average common shares outstanding	12,902		12,749
Basic earnings (loss) per share	$	(0.67)	$	(4.81)

DILUTED
Net income (loss)	$	(8,649)	$	(61,363)
Weighted-average common shares outstanding for basic	12,902		12,749
Dilutive effect of stock options, restricted stock and performance stock	—		—
Weighted-average common shares outstanding on a diluted basis	12,902		12,749
Diluted earnings (loss) per share	$	(0.67)	$	(4.81)

The following number of stock options, shares of restricted stock and shares of performance stock were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:


	Three Months Ended March 31,
(In thousands)	2024	2023
Stock options	847	825
Restricted stock awards	494	369
Performance stock awards	70	—